Pawn

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Pawn

1. To give at item to a pawnbroker in exchange for a loan. When one pawns an item, one receives the loan and gives the pawnbroker possession of the item. One may receive the item back 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 a loan and it does not affect the borrower's creditworthiness.

2. A fairly uncommon term for collateral.
References in periodicals archive ?
Why Louis-Dreyfus, one of the richest personalities in showbiz, needs to pawn off her award is unclear (apparently, she needs to buy her own island), but the clip doesn't make much sense anyway.
Many advertisements show women initiating the decision.In one commercial, when a sari-clad woman gently suggests pawning her gold jewelry to upgrade the family store, her husband leaves the dinner table in a huff, mouthing a cultural cliche: AoI am not in such a bad way that I have to pawn off my wifeAAEs jewelry.AoWPBLOO
But thatCOs the price you pay for being so reluctant to make a decision.On the more personal Cywhat nextCO side however, ICOve found that I canCOt really pawn off that responsibility to someone else.