Definition, Meaning & Synonyms
pawnbroker
Noun
/ˈpɔːnˌbroʊkər/
Definition
A pawnbroker is a person or business that offers secured loans to people, with personal property as collateral.
Examples
- When in need of quick cash, many turn to a pawnbroker for help.
- The pawnbroker assessed the value of the watch before offering a loan.
- She visited the local pawn shop, run by a friendly pawnbroker.
Meaning
In simpler terms, a pawnbroker lends money in exchange for items of value, which they hold until the loan is repaid.
Synonyms
- pledge dealer
- pawn shop owner
- collateral lender
