Pledge and guarantee are two forms of guarantee. Pledge needs to be provided as a guarantee, which is possessed by the creditor (bank) and provided by the pledger. The guarantee is people-oriented, and the person who provides the guarantee is the guarantor.

Pledge is also called pledge right. The pledgee is the pledgor and the pledgee is the pledgee. In the legal relationship of pledge, the creditor who owns the pledge and enjoys the pledge is the pledgee; The debtor or the third party who transfers the property and creates the pledge is the pledger.

Pledge refers to a kind of security interest that the creditor has the right to be paid in priority with the value of the sold property when the debtor fails to perform the debt.

The guarantor shall bear joint and several liability.