Study on"Pledging"in the Rural Lending Market in the Qingshui River Basin from the Qing Dynasty to the Republic of China
Through the observation on the"pledging"contract documents in the Qingshui River Basin,it is found that the villagers in the Qingshui River Basin from the Qing Dynasty to the Republic of China used their production as a pledged loan,which was different from the general definition of"compensation".Pledging not only includes compensation for old debts,but al-so lending,mortgage,pawning,which prompts a new definition of"pledging"in the lending market.The diversified pledging methods were an institutional arrangement designed by the villagers themselves to ensure the orderly operation of the rural lend-ing market.When the debtors made a"pledged loan"with his/her property,it would lead to the transfer of rights,leading to the acceleration of the flow of property rights or ownership of land,mountains and forests,which could promote the social transfor-mation of traditional regions and villages to a certain extent.
the Qingshui riverlending marketthe practice of pledgingtransfer of rightscontract document
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