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 ?
As co-presenter of the event, Globe myBusiness set up experiential booth in the likeness of a pawnshop where visitors experienced and learned more about some solutions relevant to the industry such as AMBER (Automated Mobile Broadcast), myBiz Wallet, Broadband, and Cybersecurity with a fun, interactive game.
The general manager of Cash-U-Up, Kuch Setha said about 90 per cent of the Kingdom's pawnshops are in Phnom Penh, so franchise sales will help expand the market's scope to the provinces.
The issue, along with other amendments to laws regulating the operations of pawnshops, microfinance organisations, consumer credit cooperatives, agricultural cooperatives, and respective SROs, was discussed by market participants at the expert board meeting held in the Bank of Russia on 20 March 2018.
Donnelly holds notable distinction of having been in continuous operation since 1881, making it America's oldest operating pawnshop.
RD Pawnshop General Manager Alma Pascual said, "Globe has been a partner to RD Pawnshop in its day-to-day existence.
In the Islamic-based pawnshop, the loan granted is based on three concepts, i.e.
Avery and Samolyk (2011) use the FDIC supplement used in this article to study both payday and pawnshop loans.
As the show reveals, pawnshops assume the risk that they will ultimately be unable to sell unclaimed collateral items at a profit--just as all businesses assume the risk that they will be unable to sell or continue selling their products at a profit.
Conventional pawnshops are more likely to put a burden on the lower-income group which contravenes the Shari'ah.
I remember dad remarking upon a demob suit hanging in the local pawnshop's window, and our mother hastily ushering him away from the scene!
When picturing a pawnshop, it's hard not to imagine a stern-faced pawnbroker, his suspicious eyes flickering over a collection of cameras, jewelry and rifles, all locked behind fire safes and barred windows.
Manila A burglar is being hunted by police after robbing a pawnshop and leaving his wallet and identification card at the scene.