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pawnbroker

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pawnbroker

One who lends money on the security of goods held. The pawnbroker earns income from the interest charged on a loan. The borrower does not have to pay anything back until the end of the term, which is usually a maximum of six months. The amount that the pawnbroker lends is based on a percentage of the value of the goods. When the loan, plus interest, has been repaid, the goods are returned to the borrower. If it is not repaid the pawnbroker can sell the property to cover the debt. The traditional sign of the premises of a pawnbroker is three gold balls, the symbol used in front of the houses of the medieval Lombard merchants of Italy.



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? Mentioned in ? References in classic literature
 
"We have at least an hour before us," he remarked, "for they can hardly take any steps until the good pawnbroker is safely in bed.
The Adventures of Sherlock Holmes by Doyle, Sir Arthur Conan View in context
To think that the pawnbroker shouldn't have known there was a shilling in it
The Life and Adventures of Nicholas Nickleby by Dickens, Charles View in context
The life of her governess, as she calls her, who had run through, it seems, in a few years, all the eminent degrees of a gentlewoman, a whore, and a bawd; a midwife and a midwife-keeper, as they are called; a pawnbroker, a childtaker, a receiver of thieves, and of thieves' purchase, that is to say, of stolen goods; and in a word, herself a thief, a breeder up of thieves and the like, and yet at last a penitent.
The Fortunes & Misfortunes of the Famous Moll Flanders by Defoe, Daniel View in context
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