Il pegno
Example: Ha offerto il pegno come garanzia per il prestito bancario.
Definition
"Il pegno" refers to a financial security or collateral given as a guarantee for a loan or debt, ensuring repayment by allowing the lender to take possession of the pledged item if the borrower defaults.
Etymology
The term "il pegno" originates from the Latin word 'pignus,' meaning pledge or pawn. Historically, it referred to items handed over as security, a practice dating back to Roman times and still central in modern financial agreements.
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"Il pegno" appears in the Vocaplus list "", containing 150 commonly used words.
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