What does pawn mean in British English?

A pawnshop is a shop that provides a way for people who have valuable items that they don’t want or need right now to borrow money against those items, in exchange for an agreement that allows them to get the item back if the person pays back the loan plus interest.

What does pawn mean in everyday American English?

The word pawn is an old English word that originally referred to a pledge. It later came to mean a pledge that an individual or family, in times of need, would give to their lord as collateral for a loan or guarantee of repayment of a debt. A pawnshop is a shop that primarily sells or offers to loan money on items of value that the owner or a family member has pledged as a guarantee for the loan. Pawn shops are usually specialized in certain categories of goods, such as

What does pawn mean in American English?

In England, a pawnshop or a pawn is a shop where you can temporarily put money to secure goods, such as jewelry or electronics, as collateral until you pay the loan’s remaining balance. Pawn shops are common in the United States as well. However, the term is not interchangeable with the word pawn in the United States, where a pawn is simply an item given as security for a loan.

What does a pawn mean in British English?

In British English, pawning an item is usually used to describe the repaying of a loan with the item you pledged as collateral. The loan is given to the person who holds the item until you pay off the loan. Pawn shops will also accept jewelry, electronics, and other valuable items as collateral.

What does pawn mean in English?

In the United States, a pawn shop is a place that offers short-term loans. They sometimes carry jewelry, electronics, or other valuables that people have pawned. The shop offers the owner a small amount of money in exchange for the item until the loan is repaid. If you are looking for a quick way to make some money, pawn shops can be a good option.