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 ?
The Asset and Property Marking Section of the BSIA which is the trade body representing the UK s private security industry has compiled a useful guide to assist jewellers and pawnbrokers to identify stolen goods and react accordingly, highlighting the benefits of UV equipment in detecting property marking solutions.
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).
So strong is the revival of pawnbroking - the National Pawnbrokers Association says member numbers are up from 50 in 1980 to 1,200 today - that The Share Centre is telling small investors to buy Albemarle & Bond shares.
A police team is also interrogating Deekshitulu and pawnbroker Sagar Lal.
Pawnbrokers are seeing a lot of first-time customers," said David Adelman, president of the National Pawnbrokers Association, based in Atlanta.
The National Shooting Sports Foundation (NSSF) and the National Pawnbrokers Association (NPA) have announced a strategic alliance.
SANTA CLARITA - With gas prices topping $3 a gallon, some consumers are looking for help from their local pawnbrokers.
Worldwide Computer Products News-27 May 2002-New CRM system for pawnbrokers launched (C)1995-2002 M2 COMMUNICATIONS LTD http://www.
Thousands of children who've known the horror of an auto accident or a fire have also experienced the comfort of a teddy bear, thanks to the efforts of the National Pawnbrokers Association, Dallas.
With about 40 shops across the country, business is booming for Scotland's pawnbrokers.
Now pawnbrokers are being handed an astonishing assortment of goods including a helicopter, a boat, house deeds and a racehorse.
GOING to the pawnbrokers is as acceptable as any other form of borrowing," says Nathan Finch from their national association.