pawnbroker


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Pawnbroker

The owner of a pawn shop, which is a place where one may pawn an item or buy items other persons have pawned. When one pawns an item, one receives a loan and gives the pawnbroker (the pawn shop's owner) possession of the item. One may retrieve the item 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 the loan and it does not affect the borrower's creditworthiness.

pawnbroker

a person or firm that makes LOANS, taking temporary possession of borrowers’ personal ASSETS as security for the loan. Borrowers can reclaim their assets by repaying the loan and interest charges in full, although if they default the pawnbroker is entitled to sell their assets.
References in periodicals archive ?
WEBSTER - A temporary moratorium on medical marijuana treatment centers, a more stringent bylaw for pawnbrokers and secondhand dealers, and fingerprint checks for those applying for hawking, peddlers, liquor, pawn dealers, hackney drivers and ice cream truck vendor licenses are some of the big issues being decided at the special town and annual town meetings May 13.
Mr Olley has strenuously denied any deal with a pawnbroker, declaring: "It was symbolic of the reality that was going on behind the scenes.
But some competition has appeared from large pawnbroker chains, Collier said.
Its big rival, H&T Pawnbrokers, has more than 180 outlets and is currently using Royal Mail to deliver glossy leaflets declaring 'we buy gold
A preliminary inquiry by the TTD's vigilance authorities into Friday's incident revealed that Deekshitulu had mortgaged not one, but 12 ornaments with pawnbrokers and took loans worth over Rs 10 lakh.
To prove the crime of False Verification of Ownership or False Identification to a Pawnbroker, the State must prove the following three elements beyond a reasonable doubt:
Sounds like pawnbrokers profit from the misfortune of others.
Premier Jewelry & Loan is a licensed Pawnbroker and precious metal and gems dealer and member of the National Pawnbrokers Assn.
com, a Chicago-based tech start-up, has announced today the development of a free online system that matches consumers seeking to pawn an item to reputable pawnbrokers in their area.
It appears to signal a move away from payday loan and cheque-cashing services for the business, which operates pawnbroker Albemarle Bond and jewellery chain Herbert Brown.
Albemarle & Bond Jewellers & Pawnbrokers and Herbert Brown & Son, which employ 62 people in the region, have called in administrators.
STRUGGLING pawnbroker Albemarle & Bond has put itself up for sale following a string of profit warnings and a mass exodus of its board directors.