pawn

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Pawn

To deliver Personal Property to another as a pledge or as security for a debt. A deposit of goods with a creditor as security for a sum of money borrowed.

In common usage, pawn signifies a pledge of goods, as distinguished from a pledge of intangible personal property, such as a contract right. In a more limited sense, it denotes a deposit of personal property with a pawnbroker as security for a loan. A pawned article is retained until the loan is repaid within a certain time. If it is not repaid on time, the pawnbroker may sell the item.

pawn

v. to pledge an item of personal property as security for a loan, with the property left with the pawn broker. The interest rates are on the high side, the amount of the loan is well below the value of the pledged property, and the broker has the right to sell the item without further notice if the loan is not paid. Pawn brokers are licensed by the state. (See: pledge)

pawn

verb bond, deposit, deposit as collateral, deeosit as security, give as security, give in earnest, hypothecate, impignorate, mortgage, offer collateral, oppignerare, pignerare, pledge, post, put at hazard, put at stake, put in pledge, risk, stake, wager
See also: captive, deposit, pledge, security

pawn

see PLEDGE.

PAWN. A pledge. Vide Pledge.

References in periodicals archive ?
In fact, with the Liverpool manager forced to pawn off his own prized goods in order to have the shiny new centreback and right-winger he really wants, you'd have thought he'd notice if his balance suddenly dipped by pounds 15.
You can't make up the stuff that they're trying to pawn off on Internet sports auctions.
For a while there, Bush the Two was running into a couple of teensy-weensy stumbling blocks trying to pawn off his new improved Iraqi invasion plans to any and all appropriate buyers.