PAWNBROKER

Pawnbroker

A pawnbroker is an individual or business that offers secured loans to people, with items of personal property used as collateral. The word pawn is derived from the Latin pignus, for pledge, and the items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral.

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pawnbroker

Noun

  1. A person who makes monetary loans at interest, taking personal property as security – which may be sold if not redeemed.


The above text is a snippet from Wiktionary: pawnbroker
and as such is available under the Creative Commons Attribution/Share-Alike License.

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