Pawn

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Pawn

1. To give at item to a pawnbroker in exchange for a loan. When one pawns an item, one receives the loan and gives the pawnbroker possession of the item. One may receive the item back within a certain period of time if one repays the loan with interest. If the loan is not repaid, the pawnbroker may sell the item in his/her shop. Because the pawnbroker already has possession of the item, he/she does not report non-payment of a loan and it does not affect the borrower's creditworthiness.

2. A fairly uncommon term for collateral.
References in periodicals archive ?
Furthermore, an equal amount of indignation should have been generated when the government tried to pawn off their ridiculous token as a "meaningful" contribution.
Were we going to pawn off elbow grease to the nanomachines.
Sloan continued, "The Senate tried to pawn off this ban to an American public fed up with congressional inaction and secrecy as real change.