Pawn
Term · Law · MLC-T-LAW-003664
To deposit personal property as security for a loan. The borrower receives money from the pawnbroker and, upon repayment of the loan plus interest, the property is returned. If the loan is not repaid within a specified period, the pawnbroker may sell the collateral to recover the debt.
| Identifier | MLC-T-LAW-003664 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003664",
"term": "Pawn",
"field": "Law",
"definition": "To deposit personal property as security for a loan. The borrower receives money from the pawnbroker and, upon repayment of the loan plus interest, the property is returned. If the loan is not repaid within a specified period, the pawnbroker may sell the collateral to recover the debt.",
"url": "https://mlchart.com/terminology/law/pawn/"
}
Record 3,669 of 5,441 in Law terminology (MLC-0107). Request the full dataset.