This term, "a pledge," (BDB 286, KB 285) basically means "to bind." When one borrows he is obligated to repay. To secure this repayment (without interest to a fellow Israelite) the creditor could take something of value and hold it.
Each of these items was a necessary part of daily agricultural existence. To remove any one of these jeopardized the family, even life itself. YHWH's compassion and care for Israel was to be emulated by those Israelites who had resources. God would bless them for their compassion. They would be given more so that they could share more (cf. Ezek. 33:13; 2 Cor. 9:6-10).
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