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Accounting > Pledged Asset
The following information is about Pledged Asset.
Pledged Asset Defined
is an asset that is transferred to a lender as security for debt. The lender of the debt takes possession of the pledged assetbut does not have ownership unless default occurs.
This definition is in context to Accounting. See more contextual defintions for Pledged Asset.
Satyam Chairman Resigns After Saying He Falsified Accounting
Published January 7, 2009, 11:46 am, Bloomberg
Jan. 7 (Bloomberg) -- Satyam Computer Services Ltd. Chairman Ramalinga Raju resigned after saying he falsified earnings and assets, prompting a collapse in the stock of India’s fourth- largest software-services provider.
CA-BUSINESS Summary
Published January 7, 2009, 11:21 am, The Globe and Mail
NEW YORK (Reuters) - Microchip maker Intel Corp issued its second revenue warning on the fourth quarter since November, as demand for personal computers weakens worldwide, and its shares fell 3.25 percent.
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