incorporeal property

Intangible property, also known as incorporeal property, describes something which a person or corporation can have ownership of and can transfer ownership of to another person or corporation, but has no physical substance.

A pledge does not give the pledgor (or debtor) the option of retaining the property while burdening it with the real security right, but it can be created in respect both of corporeal and of incorporeal property.

A pledge in respect of incorporeal property is commonly referred to as cession in securitatem debiti, meaning that a claim against a third party is ceded to the pledgee; in this case, personal rights vest in the pledgee.