pawn shop

Trade goods, borrow

A pawn shop is a business that lends money against personal property left as collateral.

If you don't repay the loan plus interest, the shop keeps your item and sells it.

Pawn shops also buy items outright, typically at a fraction of their value: I pawned my guitar to make rent.

The atmosphere tends toward the desperate—people pawn things when they need cash fast.

Related

loans · quick cash · three balls · thriftshop · desperate · hard times · no questions asked · hock · redemption · appraisal · forfeiture · repurchase · borrower · default · layaway · interest · collectibles · lending

Categories
Opposites
financial institution type

pawn shopinvestment bank

Securities underwriting firm

bank · private bank · hedge fund · Swiss bank · commercial bank

retail transaction model

pawn shopSotheby's

Major fine art auctioneer

Neiman Marcus · auction house · antique dealer · consignment shop

retail value proposition

pawn shopCartier

French luxury jewelry brand

Sotheby's · Christie's · Neiman Marcus · authorized dealer · flagship store

Family

pawnshop, pawnshops

Familiarity
Top 50,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G