All 4 Uses of
pawn shop
in
Unwind, by Shusterman
- The man inherited the pawnshop from his brother, who had died of a heart attack.
p. 157.0pawnshop = a shop that offers loans to individuals who use their personal property as collateral (collateral means the property is sold by the lender if the loan isn't repaid)
- Most folks come into a pawnshop down on their luck, ready to trade in everything they own, from TVs to family heirlooms, in exchange for a little quick cash.
p. 157.3 *
- This is a pawnshop isn't it?
p. 158.1
- Sure, they have money now, thanks to Lev's "deal" at that pawnshop, but the money's only good for buying food.
p. 183.6
Definition:
a shop that either offers loans to individuals who use their personal property as collateral, or that purchases the personal property outright
At a pawn shop, collateral refers to personal property of the borrower that that is left at the pawn shop. If the loan isn't repaid with interest, the pawn shop keeps (the property an sells it to someone else. Otherwise, the property is returned to the borrower.