Definitions

1. noun

A business where goods are taken in exchange for a loan, with the expectation that the goods will be returned when the loan is repaid, or sold to repay the loan.

“She took her old jewelry to the pawnshop to see what she could get for it.”

2. verb

To take goods to a pawnshop in exchange for a loan.

“He pawns his tools to pay for his medical bills.”