The act or an instance of repledging an asset, already serving as collateral for an existing loan, to secure another loan.
Late 19th century; earliest use found in Harvard Law Review. From repledge, after pledge.
verbhistorical Scottish Law
To transfer (a person or cause) from the jurisdiction of another court to one's own, giving a surety that justice will be done, typically within a year and a day. Also without object.
The right to repledge was abolished in 1747 by Act 20 George II. c. 43, along with the heritable jurisdictions themselves.
Late Middle English; earliest use found in Acts of Parliament of Scotland. From Anglo-Norman replegger, Anglo-Norman and Middle French repleger, Middle French replegier to replevy, to secure the release of a person arrested or of property (movable or immovable) seized in distraint against the provision of sureties, probably partly via post-classical Latin replegiare to replevy, to guarantee, to withdraw from the jurisdiction of another court to one's own.
To pledge again or once more.
Mid 18th century; earliest use found in Tobias Smollett (1721–1771), writer. From re- + pledge.