What does pawn mean?

Pawn shops are unique in the fact that they are the only business that allows you to sell personal possessions in exchange for cash. These “shopkeepers” are known as “pawnbrokers” and they specialize in buying and selling personal items. If you have valuable items you wish to sell, pawn shops are often an option.

What does my pawn mean?

A pawn is a small token of value that can be given as a pledge against the return of some other item of value. In the Middle Ages, a person could borrow money on an item of jewelry that they pledged as collateral. If the borrower defaulted on the loan, the lender could take that item, or “repossess” it. This same principle can be applied to other types of property, like a car, electronics, or home, although it’s less common

What does the word pawn mean?

A pawn loan is essentially a short-term loan that you can get from a pawnshop. In order to get a loan, you will need some form of collateral, such as jewelry or electronics. Once you secure the loan, you can pay off the loan’s principal plus interest in full or in installments. If you don’t repay the loan, the pawnshop can take back your collateral.

What does the pawn mean in Spanish?

Pawn shops in Spain are called bancos de ahorros. The word bank is used because the items that are used as collateral are almost always items of value. These items are accepted as payment in exchange for a loan. One of the main characteristics of a pawn shop is that the items are returned after a loan is repaid or the item is sold in a re-sale.

What is a pawn in chess?

The pawn is the first piece that you move in chess. It is so named because it is the smallest piece on the board. Pawns are placed on the first row of the chessboard, nearest to each player. Because of their diminutive size, pawns are often called the ‘little pieces’ or the ‘minor pieces.’