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Pawnbroker

usgb/ˈpɔːnbrəʊkər/Volume
Left Definition 1 of 1Right
LampPro Tip 1/3
Pawn ImplicationsPlay
A pawned item might be sold by the pawnbroker if the loan isn't repaid on time. SlideIf I don't repay the pawnbroker in a month, he'll sell my guitar.
LampPro Tip 2/3
Not a BankPlay
A pawnbroker is different from a bank; they offer loans based on collateral, not credit. SlideI went to a pawnbroker instead of a bank since I needed instant cash for my watch.
LampPro Tip 3/3
Interest RatesPlay
Pawnbrokers usually charge more interest than banks or formal lenders. SlideThe pawnbroker gave me the loan, but the interest rate was quite high.