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PAWNOR. One who, being liable to an engagement, gives to the person to whom
he is liable, a thing to be held as a security for the payment of his debt
or the fulfillment of his liability.
2. The rights of the pawnor are to redeem the pledge, at any time before it is sold.
3. His obligations are to warrant the title of the pledge, and to redeem it at the time agreed upon. See 1 Bouv. Inst. n. 1045.