Pawn Shop

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Pawn Shop

A shop 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.
References in periodicals archive ?
San Diego, CA, June 06, 2012 --(PR.com)-- San Diego Jewelry Buyers (SDJB), Southern California's top rated jewelry buyer and luxury pawn shop, has launched a new online commercial.
In the past, owners of highly precious jewelry would have thought in unthinkable to sell jewelry valued up to 6 figures to a pawn shop. However, San Diego Jewelry Buyers has changed that perception, consistently purchasing precious jewels and gift assets that ordinarily would be sold via a famous auction house.
For more information about their luxury pawn shop and the gift assets they buy, visit them online at SanDiegoJewelryBuyers.com or call (619) 236-9603 or toll free 800-557-9413.