A pawnshop is a place where people can bring items they own to get a loan. The shop gives them money in exchange for holding onto their item. If the person is unable to repay the loan, the shop can sell the item to recover the money. Full definition
Tyler was suspected of using a school credit card to buy an $ 865 gold necklace from a Las Vegas pawnshop in May 2006. (ncpolicywatch.com)
In case you are not a homeowner, or do not have a vehicle with just your name on the title, then you may use the services of pawnshops. (badcreditloanservices.com)