Pawnbroker
Term · Law · MLC-T-LAW-003665
A person or business that lends money in exchange for personal property held as security. The pawnbroker retains possession of the item until the loan is repaid, including any accrued interest and fees. If the loan defaults, the pawnbroker has the right to sell the pledged item.
| Identifier | MLC-T-LAW-003665 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003665",
"term": "Pawnbroker",
"field": "Law",
"definition": "A person or business that lends money in exchange for personal property held as security. The pawnbroker retains possession of the item until the loan is repaid, including any accrued interest and fees. If the loan defaults, the pawnbroker has the right to sell the pledged item.",
"url": "https://mlchart.com/terminology/law/pawnbroker/"
}
Record 3,670 of 5,441 in Law terminology (MLC-0107). Request the full dataset.