What does pawnshop mean?

Pawnshops or pawnbrokers are individuals or businesses who loan money to people in exchange for valuable items which are used as collateral. Collateral-based items vary from jewellery, cameras, electronics, musical instruments, and more. The items offered up as collateral will be returned to the owner once the money that has been loaned is paid back in full with interest. If the pawn loan does not re-pay the pawnbroker within the agreed-upon time limit, the pawnbroker can sell the item to another customer to recoup the money they loaned to the original customer.

Why You Should Avoid Pawning Jewelry

Pawnshop Meaning

What is a Loan Renewal? - Sportsmans Pawn

Do pawn shops have a grace period on pawn loans?

Inside Burma's pawn shop culture: 'We wouldn't accept filthy kitchen utensils, or used underwear', financial inclusion - global development professionals network

Pawn Loans: The Pros and Cons

Episode 476: The Return Of The Indicator* : Planet Money : NPR

The Pros and Cons of Pawn Shop Loans - OppU

How Pawnshops Work

Pawnbroker - Wikipedia

The Economics of Pawn Shops - Priceonomics

What is a pawn shop ?

Are Pawn Shops Worth it? Learn the Risks and Alternatives - OppU