pawnbroking
Loans for possessions
Pawnbroking is the business of lending money against personal property left as security.
A pawnbroker holds the item—jewelry, electronics, instruments—and returns it when the loan plus interest is repaid.
If the borrower defaults, the pawnbroker sells the item.
The three-ball symbol outside pawn shops dates to medieval moneylenders.
Binding promise given
- securityProtection from threat
- assetItem of value owned
- lienClaim securing debt
- appraisalEstimation of worth
valuation · redemption · forfeit · default · ticket · seize · recoverable · unredeemed
Borrowed money repaid later
- advanceMove or progress forward
- principalChief school administrator
- repaymentGiving back what's owed
- termsConditions of an agreement
contract · usury · APR · interest · rate · fee · charge · finance
pledge
Binding promise given
appraisal · valuation · redemption · forfeit · default · ticket · seize · recoverable · unredeemed · reclaim
loan
Borrowed money repaid later
terms · contract · usury · APR · interest · rate · fee · charge · finance · credit
jewelry
Ornamental personal accessories
gemstones · watch · ring · necklace · bracelet · earrings · heirloom · antiques · collectibles · electronics
haggle
Dispute price persistently
offer · counteroffer · deal · settlement · agreement · terms · lowball · markup · spread · margin
- pledgesvow, promise, I promise, wedding vows, I vow
pawnbrokingpersonal loans
Unsecured funds lent to individuals
investment banking · wealth management · private banking · venture capital · angel investing
pawnbrokingwealth accumulation
Process of gathering assets
investing · saving · financial security · prosperity · affluence
pawn, broker, pawned, pawnshop, pawning, brokerage, pawnbroker, pawnbrokers, pawner