By Yasmine EDDAM
2 July 2025
Financing is the driving force behind business development. To obtain credit, creditors require solid and effective guarantees. Among the tools available to economic players, pledging intangible assets, and more specifically pledging receivables, occupies a prime position. This security enables a debt to be secured by assigning one or more intangible assets, such as a portfolio of customer invoices. Although the mechanisms involved are complex, this form of security is extremely flexible. To fully understand the issues involved, we need to place it in the broader context of the law on movable collateral, which governs the way in which an asset can be used to secure an obligation. Definition and legal status of pledges of intangible movable property A pledge is a contract whereby a debtor gives an asset to a creditor as security for a debt. French law makes a fundamental distinction depending on the nature of the asset...
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