noun a store where loans are made in exchange for personal property as security
A pawnshop is a business that offers loans to people in exchange for personal property as collateral.
Pawnshops are regulated by laws that govern lending practices and the sale of pawned items.
Pawnshops play a role in providing financial services to individuals who may not have access to traditional banking.
Pawnshops also sell items that have been pawned or are unclaimed.
Operating a pawnshop requires knowledge of valuing items, managing inventory, and customer service.
Individuals may use pawnshops as a source of quick cash by pawning items they own.
A writer may use the term 'pawnshop' in a story or article to describe a character's financial struggles or to set a scene in a less affluent neighborhood.
A psychologist may use the term 'pawnshop' in therapy sessions to discuss financial stress or as a metaphor for letting go of material possessions.
A financial analyst may use the term 'pawnshop' in a report or presentation to illustrate economic trends or consumer behavior related to borrowing and lending.
A police officer may use the term 'pawnshop' in investigations related to stolen goods or to track down suspects who may be pawning stolen items.