pawnshop Definition
a shop that lends money at high interest rates in exchange for personal property that is deposited as security, and sells items that have been sold or forfeited by previous customers.
Using pawnshop: Examples
Take a moment to familiarize yourself with how "pawnshop" can be used in various situations through the following examples!
Example
I had to pawn my watch at the pawnshop to pay for my rent.
Example
The pawnshop owner offered me a loan against my guitar.
Example
The pawnshop was filled with secondhand goods and antiques.
Example
He found a rare book at the pawnshop.
pawnshop Synonyms and Antonyms
Synonyms for pawnshop
- pawnbroker
- lending institution
- secondhand store
- resale shop
Phrases with pawnshop
a receipt given to a customer who has pawned an item, which serves as proof of ownership and must be presented to redeem the item
Example
He lost his pawnshop ticket and couldn't get his guitar back.
a short-term loan given by a pawnshop in exchange for an item of value, with the item serving as collateral
Example
She got a pawnshop loan to pay her bills, using her jewelry as collateral.
Example
The pawnshop owner was willing to negotiate the price of the antique vase.
Origins of pawnshop
from Old French 'pan', meaning 'pledge'
Summary: pawnshop in Brief
A 'pawnshop' [ˈpɔːnʃɒp] is a shop that lends money at high interest rates in exchange for personal property that is deposited as security, and sells items that have been sold or forfeited by previous customers. It is often used as a source of quick cash by people who need to borrow money but cannot obtain it through traditional means. The phrase 'pawnshop ticket' refers to a receipt given to a customer who has pawned an item, while 'pawnshop loan' denotes a short-term loan given by a pawnshop in exchange for an item of value.
