What does pawning an item mean?
collateral
To pawn something is to use it as collateral when you’re borrowing money. When you pawn a necklace at a pawn shop, you get cash in exchange for it with the understanding that you can buy it back later. The down side is that you’ll have to pay more money — the amount you borrowed, plus interest — to get your item back.
What does pawning a person mean?
The definition of a pawn is a person or thing manipulated and used by others, or a game piece in the game of chess. A person unwittingly used in a scheme and taken advantage of by others is an example of a pawn. Pawn one’s honor.
What does pawning out mean?
: to get rid of or pass off usually by deception : palm off.
What does pawn it or sell it mean?
When you pawn an item, you are taking out a loan using your valuable as collateral. The pawnbroker will agree to give you a certain amount of cash and hold your item until you have paid back the loan amount plus interest and fees. When you sell an item at a pawn shop, you simply bring in your item for sale.
How does pawning stuff work?
Pawnshops offer collateral-based loans — meaning the loan is secured by something of value. You take in something you own, and if the pawnbroker is interested, he will offer you a loan. The pawnbroker then keeps your item until you repay the loan.
What does Pawn mean in slang?
If you say that someone is using you as a pawn, you mean that they are using you for their own advantage. It looks as though he is being used as a political pawn by the president. Synonyms: tool, instrument [informal], toy, creature More Synonyms of pawn.
What does pawned mean in slang?
If you say that someone is using you as a pawn, you mean that they are using you for their own advantage. It looks as though he is being used as a political pawn by the president.
How does pawning an item work?
When you bring an item to a pawn shop, the pawnbroker assesses the item’s value and offers you a loan equal to a certain percentage of the value. You have a short time period to repay the loan with interest. If you do, the pawnbroker returns the item.
How do you pawn?
You bring in an item to a pawn shop, and the pawnbroker will offer you a short-term loan based on the item’s value. If you pay off your loan in time, you get your item back. If you don’t pay the loan in time, the pawn shop is free to sell it. You can also sell your items outright.
What does pawning mean?
1. Something given as security for a loan; a pledge or guaranty. 2. The condition of being held as a pledge against the payment of a loan: jewels in pawn. 3. A person serving as security; a hostage. 4. The act of pawning.
What does pawns mean?
As a noun, pawns are the chess pieces that move one square forward and move one square diagonally while capturing. Verbal meaning of Pawn is an action of getting pawn loans by depositing the personal property as collateral.
What does pawn pledge mean?
Pledge also known as ‘Pawn’. It is a Special Kind of Bailment. The bailment of goods as security for payment of a debt or performance of a promise is called ‘Pledge’. Here bailor(The person delivering goods) is called the ‘Pawnor’ or ‘Pledger’ and the Bailee (Person to whom goods are delivered) is called Pledgee or ‘Pawnee’.
What does pawn mean?
pawn – a person used by another to gain an end. cat’s-paw, instrument. assistant, helper, help, supporter – a person who contributes to the fulfillment of a need or furtherance of an effort or purpose; “my invaluable assistant”; “they hired additional help to finish the work”.