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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
David is a second generation pawnbroker who has been in the business since the start of his career.
A Mirror probe found PS500 would get you 531.55 euros at Barclays, while pawnbroker Cash Generator would give 22.30 euros more.
A man used a stick to smash his way into Brown & Gold pawnbrokers, next to the Park Road Tesco, before fleeing in a dark blue Ford Focus.
There are currently two Braswell & Son Pawnbrokers locations in Little Rock and one in Conway.
THE owner of the country's biggest pawnbroker said the recent gold price boom helped send half-year profits surging.
Pawnbrokers threaten to encash the blank cheque for the amount, which then becomes a case of financial fraud for the borrower.
The group is the second largest pawnbroker in the UK, with 183 branches and almost 900 staff, serving 140,000 customers.
Britain's second biggest chain of pawnbrokers, which recently admitted it was melting down gold items to stay within its lending limits, announced the sale plans this week saying it believes the move is in the "best interests of the company's shareholders".
PAWNBROKERS are making a profit as hard hit firms turn to them for cash.
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.
Denvale is owned and ridden by pawnbroker Richard Hunnisett, but despite winning 12 points, a chase and three hunter chases, he is not the most successful horse to carry his owners' colours of green with three golden circles (representations of pawnbrokers' balls).