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 ?
If the amount borrowed was more than PS75, the pawnbroker can sell the goods at the end of the agreed period.
The town will vote on a more stringent bylaw for pawnbrokers and secondhand shop owners who deal with the purchase, sale or barter of junk, precious metal, stones and gems, and "old metals" (gold and silver).
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.
In the late 1880s, there were almost as many pawnbrokers as pubs, lending money on anything from bed linen and cutlery.
Posh James He owns the high-end Prestige Pawnbrokers, which has three stores in upmarket locations, where the elite exchange their luxuries for hard cash.
A PRE World War I solid gold football medal has been passed from a Midland pawnbroker to a national museum after it was saved from the scrapheap by an eagleeyed worker.
STRUGGLING pawnbroker Albemarle & Bond has put itself up for sale following a string of profit warnings and a mass exodus of its board directors.
Shares tumbled by another quarter yesterday in the wake of a torrid day for the group, which saw five of its six non-executive directors quit with immediate effect - leaving chairman and former chief executive Greville Nicholls as the only remaining nonexecutive at the pawnbroker.
The curious case of The King's Car, The Alderman and the Pawnbroker - surely a great title for a Conan Doyle short story or a '70s Genesis bootleg - raises rather more questions than answers.