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There are two types of Pledges:

Continuous – a continuous pledge must be created when a supporter promises to donate a certain amount of money at a set frequency, indefinitely. For example, a supporter may promise to donate $100 a month.  This is the most common type of pledge.

Fixed – a fixed pledge must be created when a supporter promises to donate a certain amount of money over a specified period of time. For example, a supporter may promise to donate $600 over a period of 6 months in instalments of $100.