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What is a pawn shop?


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A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral.

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It is a place to pawn things: a shop where articles of personal property may be left as security in exchange for a loan of money

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A Pawn Shop takes something of value from someone and loans them money. When the loan is paid back, they get their item back.

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A pawn shop offers monetary loans in exchange for an item of value to the given pawn broker. Thanks for asking ChaCha!

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