a person who offers loans using possessions as collateral
A money lender taking goods as pledges against the repayment.
Someone who lends money on the security of goods
If you are short of money, you can pawn something to the pawnbroker. This means the pawnbroker gives you money, for example, for a ring, for a few days or a couple of weeks. At the end of the few days, you pay him back and get the ring back. If you cannot afford to repay him, then the pawnbroker keeps the ring and can sell it.
A person who loans money on deposit or pledge of personal property, or other valuable thing, or who deals in the purchasing of personal property or other valuable thing on the condition of selling the item back again at a stipulated price. Category: Administration
A pawnbroker offers monetary loans in exchange for an item of value to the given pawn broker. The word pawn is derived from the Latin pignus, for pledge, and the items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral. Within a certain contractual period of time, the pawner of the item may purchase it back for the amount of the loan plus some agreed upon fee.