Pawn Shop Business Meaning

Meaning pronunciation translations and examples. The items having been pawned to the broker are themselves called pledges or pawns or simply the collateral. A shop where a pawnbroker operates their business 2.

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Pawn shop business meaning

Pawn shop business meaning. Pawnshops law and legal definition. A pawnbroker is an individual or business pawnshop or pawn shop that offers secured loans to people with items of personal property used as collateral. A store where a pawnbroker operates their. Meaning of pawn shop.

Pawnshops are in the business of lending money on the security of pledged goods left in pawn or in the business of purchasing tangible personal property to be left in pawn on the condition that it may be redeemed or repurchased by the seller for a fixed price within a fixed period of time. What does pawn shop mean. A pawn shop is a pawnbroker s shop.