pegno
pledge
noun PEH-nyoh Rare
Origin: From Latin pignus, 'security, pledge'.
Also means
token, pawn
Usage Note
Pegno covers two related ideas: a physical object given as security for a debt (dare qualcosa in pegno, to pawn something) and a symbolic token of affection or commitment (un pegno d'amore, a token of love). The Monte dei Pegni is the traditional pawnshop institution in Italy. Do not confuse it with peggio ('worse').
Examples
"Ha lasciato l'orologio come pegno."
Natural Translation
He left the watch as a pledge.

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