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What does it mean to “Pawn” an item?

What does it mean to “Pawn” an item?

Webster’s Dictionary defines the word “Pawn” when used as a verb as “To deposit as security, as for money borrowed.” It is a direct personal loan made with collateral. Unlike banks, where when you request a loan they base their decision on a number of factors...
Popular Misconceptions about Pawn Shops

Popular Misconceptions about Pawn Shops

There tends to be a kind of stigma attached to the very title of “Pawn Shop”. Over the years though portrayals in TV, movies, news media, even friends, neighbors and family the pawn industry had gained a rather seedy reputation of being a lower end genre of store...

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