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 ?
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.
If Detroit again tries to pawn off imitations of good small cars, it will lose yet another generation of consumers.
Yet the sensational mass-market media, which I was admittedly a part of at that time, was so obsessed with cashing in on the popular buzz that they were more than willing to pawn off these familiar faces as heroic simply because they had incredible athletic prowess, amazing wealth or had just made some "great" discovery of how to lose weight quickly and easily
Furthermore, an equal amount of indignation should have been generated when the government tried to pawn off their ridiculous token as a "meaningful" contribution.