Definition

The past tense of making a solemn promise you may or may not keep, often involving money you don't have yet or commitments you'll regret later. It's the formal act of committing to something, whether that's donations, support, or allegiance, with varying degrees of legal bindingness. What politicians do constantly and donors do optimistically.

Example Usage

I pledged $100 to the charity fundraiser before checking my bank account, which was optimistic at best.

Source: Political and financial terminology

Related Terms