Definition, Meaning & Synonyms
pawn-shop
noun
/pɔːn ʃɒp/
Definition
A pawn shop is a business that offers loans in exchange for personal items, or sells items that have been forfeited for loans.
Examples
- After losing his job, he decided to take his guitar to the pawn shop.
- The pawn shop had a wide variety of items, from jewelry to electronics.
- She visited the pawn shop to see if they had any vintage watches for sale.
Meaning
Pawn shops provide a way for individuals to obtain money quickly by providing personal belongings as collateral.
Synonyms
- pawnstore
- collateral loan provider
- secondhand store
