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pawnshop
This term describes a specific type of credit business that operates on the principle of collateralized lending. While it is a neutral descriptive term, it often carries a socio-economic connotation associated with financial desperation or the urgent need for liquidity, as people typically visit these establishments when they cannot secure traditional bank loans.
In a legal and commercial sense, the term encompasses both the act of pawning (temporary loan) and the act of selling (permanent transfer of ownership). It is distinct from a second-hand store or a thrift shop because the primary function is the provision of short-term loans based on the value of physical assets.
Meanings
Examples
I need to find a pawnshop to get some quick cash for rent.
The detective found the stolen necklace at a local pawnshop.
He reluctantly walked into the pawnshop with his grandfather's gold watch.
He reluctantly walked into the pawnshop with his grandfather's gold watch.
Many people relied on the pawnshop during the Great Depression.
I wonder if that pawnshop still has the vintage guitar I saw last week.
The pawnshop owner appraised the ring and offered a fair loan.
Just go to the pawnshop and sell it if you do not want it anymore.