The form of business financing which involves pledging of a specific asset is

The form of business financing which involves pledging of a specific asset is a mortgage. A mortgage is a type of loan that is secured by a specific asset, usually a property, which serves as collateral for the loan. If the borrower fails to repay the loan, the lender can seize the property and sell it to recover their money. Mortgages are commonly used to finance the purchase of real estate property, but they can also be used for other assets, such as equipment or vehicles. Debentures and bonds are types of long-term loans that are not secured by any specific asset, while loans can be secured or unsecured, meaning they may or may not involve a pledge of specific assets.