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LSDefine

Simple English definitions for legal terms

pawn

Read a random definition: reformative punishment

A quick definition of pawn:

Term: Pawn

Definition: When you need money but don't want to sell your things, you can give them to a pawnbroker as a guarantee that you will pay back the money you borrowed. This is called pawning. Usually, people pawn jewelry or other valuable things. If you don't pay back the money, the pawnbroker can keep your things.

A more thorough explanation:

Definition: When you give something valuable to someone as security for a loan, it is called pawning. Usually, people pawn their jewelry or other valuable items to pawnbrokers to get a small loan.

Examples:

  • She pawned her diamond ring to get some money for her rent.
  • He had to pawn his watch to pay for his medical bills.

These examples illustrate how people use their valuable items as collateral to get a loan. They deposit their personal property with the pawnbroker, who holds it until the loan is repaid. If the loan is not repaid, the pawnbroker can sell the item to recover the money.

Patriot Act | pawnbroker

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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