PAWN SHOP
\pˈɔːn ʃˈɒp], \pˈɔːn ʃˈɒp], \p_ˈɔː_n ʃ_ˈɒ_p]\
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A small shop which allows an individual to get a loan, after providing personal property, of an equivalent value, as collateral. If the loan is repaid within the time frame that was agreed, that personal property will be returned. If not, the pawnbroker has the right to liquidate the property in return for the loan.
By Henry Campbell Black
