gage
Word family
Synonym discussion
Sense: noun/2
All four words refer to something given to guarantee a loan, but they differ in scope and context. 'Collateral' is the most common modern term in banking and finance — any asset (a house, car, or investments) that a lender can seize if the borrower defaults. 'Security' is a broader legal term covering anything that protects a lender's interests, including personal guarantees and documents. 'Pledge' focuses on the act of giving rather than the item itself; you make a pledge by handing over an object as a promise. 'Deposit' typically means giving money (or its equivalent) upfront rather than leaving a valuable item. For example: 'The bank required the house as collateral for the mortgage,' but 'She left her watch in the pawn shop as a pledge.' 'Gage' is an older word for pledge or collateral, now rare outside legal history.
Common collocations
Prepositions
- as (a gage)
- on (gage something on an outcome)
Etymology
The English word 'gage' has two distinct origins that converged in spelling. The measurement sense (variant spelling of 'gauge') comes from Old French 'jauge,' meaning a measuring rod or standard, which entered English in the 1400s. The pledge and betting senses come from a different Old French word 'gage' (meaning a pledge or security), which itself came from the Frankish '*wadi' (a promise or surety). This second root is the same one that gave English 'wage' (what a worker is promised), 'engage' (to pledge oneself to do something), and 'mortgage' (literally 'dead pledge,' because the pledge ends when the debt is paid or the property is lost). Over time, both the measurement sense and the pledge sense were spelled 'gage' in English, though the measurement sense gradually shifted to 'gauge' starting in the 1500s.
First known use
14th century
14th century, in the meaning defined at sense 1 Verb