Definition, Meaning & Synonyms

pawnage

noun

/ˈpɔː.nɪdʒ/

Definition

The act of pawning something, especially for the purpose of securing a loan.

Examples

After he lost his job, he had no choice but to resort to pawnage to get some quick cash.
She regretted the pawnage of her grandmother’s jewelry, knowing it held sentimental value.

Meaning

Pawnage refers to the process of giving an item of value to a pawnbroker in exchange for a loan. The item is held as collateral until the loan is repaid.