PAWNING Meaning and
Definition
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Pawning refers to the act or process of using personal possessions as collateral in order to obtain a loan from a pawn shop. It is a transactional practice where individuals bring their valuable or pawnable items, such as jewelry, electronics, or musical instruments, to a pawnbroker or pawnshop. The pawnshop then assesses the value of the item and offers a loan amount based on a percentage of its estimated worth.
Upon agreement, the person receives the loan amount and leaves the item with the pawnbroker. The loan is typically for a specified period, known as the pawn term, during which the individual has the option to repay the loan plus interest in exchange for retrieving their items. If the pawned item is not redeemed within the agreed term, the pawnbroker has the right to sell it to recoup their loan amount.
Pawning is often used as a short-term financial solution by individuals who may not have access to traditional credit lines or require immediate cash. It provides a way to obtain quick funds without going through a lengthy approval process or credit check. The practice can be traced back centuries and continues to be widely used today as a means of obtaining temporary liquidity against personal possessions.
Common Misspellings for PAWNING
Etymology of PAWNING
The word pawning has its origins in the Middle English term pan, which meant pledge or security. This Middle English word came from the Old French word pan, which had the same meaning. The Old French word, in turn, can be traced back to the Latin word pignus, meaning pledge. So, the word pawning ultimately derives from the Latin word pignus.
Similar spelling word for PAWNING
Conjugate verb Pawning
CONDITIONAL
I
would pawn
we
would pawn
you
would pawn
he/she/it
would pawn
they
would pawn
FUTURE
I
will pawn
we
will pawn
you
will pawn
he/she/it
will pawn
they
will pawn
FUTURE PERFECT
I
will have pawned
we
will have pawned
you
will have pawned
he/she/it
will have pawned
they
will have pawned
PAST
I
pawned
we
pawned
you
pawned
he/she/it
pawned
they
pawned
PAST PERFECT
I
had pawned
we
had pawned
you
had pawned
he/she/it
had pawned
they
had pawned
PRESENT
I
pawn
we
pawn
you
pawn
he/she/it
pawns
they
pawn
PRESENT PERFECT
I
have pawned
we
have pawned
you
have pawned
he/she/it
has pawned
they
have pawned
I
am pawning
we
are pawning
you
are pawning
he/she/it
is pawning
they
are pawning
I
was pawning
we
were pawning
you
were pawning
he/she/it
was pawning
they
were pawning
I
will be pawning
we
will be pawning
you
will be pawning
he/she/it
will be pawning
they
will be pawning
I
have been pawning
we
have been pawning
you
have been pawning
he/she/it
has been pawning
they
have been pawning
I
had been pawning
we
had been pawning
you
had been pawning
he/she/it
had been pawning
they
had been pawning
I
will have been pawning
we
will have been pawning
you
will have been pawning
he/she/it
will have been pawning
they
will have been pawning
I
would have pawned
we
would have pawned
you
would have pawned
he/she/it
would have pawned
they
would have pawned
I
would be pawning
we
would be pawning
you
would be pawning
he/she/it
would be pawning
they
would be pawning
I
would have been pawning
we
would have been pawning
you
would have been pawning
he/she/it
would have been pawning
they
would have been pawning
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