pawn vb (tr)
1. (Banking & Finance) to deposit (an article) as security for the repayment of a loan, esp from a pawnbroker
2. to stake: to pawn one's honour.
n 3. (Banking & Finance) an article deposited as security
4. (Banking & Finance) the condition of being so deposited (esp in the phrase in pawn)
5. a person or thing that is held as a security, esp a hostage
6. (Banking & Finance) the act of pawning [C15: from Old French pan security, from Latin pannus cloth, apparently because clothing was often left as asurety; compare Middle Flemish paen pawn, German Pfand pledge]
pawn (v.) "to give (something) as security in exchange for," 1560s, from pawn
(n.1). Related: Pawned; pawning. pawn
(n.1) "something left as security," late 15c. (mid-12c. as Anglo-Latin pandum), from Old French pan, pant "pledge, security," also "booty, plunder," perhaps from Frankish or some other Germanic source (compare Old High German pfant, German Pfand, Middle Dutch pant, Old Frisian pand "pledge"), from West Germanic *panda, of unknown origin.
*Collins English Dictionary – Complete and Unabridged. (1991, 1994, 1998, 2000, 2003)
*Online Etymology Dictionary - http://www.etymonline.com
Have a question about pawn loans? We will be happy to answer. The answer to your question may be on this page!
Is there a limit
or cap to the total amount I can borrow from
All Pawn, Inc.?
I do not want to loose my pawned items. How long do I have to redeem them?
Is it possible to extend a loan past 60 days?
If I do not redeem, pay interest or extend within the grace period, what happens?
When I pawn an item do I receive cash or will I get a check from All Pawn?
Can I redeem my items or pay interest with a check, credit card or other non-cash forms?
Can I make interest payments by mail?
Can another person redeem my items without my knowledge?
What can I do if my pawn ticket is lost or destroyed?
I feel embarrassed to use pawn services or even enter a pawn shop. Why?
|Question:||Is there a limit or cap to the total amount I can borrow from All Pawn, Inc.?|
|Answer:||The only limit is the amount we will loan on a single item of collateral. When you need cash beyond the single item limit, you can offer multiple items for collateral. Given the total value and number of items, you can borrow thousands when you need it.|
|Question:||I do not want to loose my pawned items. How long do I have to redeem them?|
|Answer:||There is a 60 day (grace) period in which to redeem your items. To redeem your property, present your pawn ticket and repay the loan plus the up-to-date interest. (see extentions)|
|Question:||Is it possible to extend a loan past 60 days?|
|Answer:||Yes. If the loan is within the initial 60 day grace period, you may request an extension. Bring your pawn ticket and pay your interest up-to-date to begin an additional 60 days.|
|Question:||If I do not redeem, pay interest or extend within the grace period, what happens?|
|Answer:||By Texas State Law, your items become the legal property of the lender (pawn broker).|
|Question:||When I pawn an item do I receive cash or will I get a check from All Pawn?|
|Answer:||CASH! We are a cash only pawn broker.|
|Question:||Can I redeem my items or pay interest with a check, credit card or other non-cash forms?|
|Answer:||No. We are a cash only pawn broker.|
|Question:||Can I make interest payments by mail?|
In special cases, it is possible to make
such arrangements. Call the location at
which you made the loan for detailed
All Pawn in The Woodlands-Spring area (281.363.2110)
All Pawn II, Inc. in Willis (936.809.7396)
|Question:||Can another person redeem my items without my knowledge?|
|Answer:||Yes. By law, a third party can redeem your items, but must possess the original pawn ticket, present a valid ID, and pay-off the loan in full. Therefore, is best practice to keep your pawn ticket in a safe place. To avoid fraud, DON'T LOSE OR MISPLACE YOUR PAWN TICKET.|
|Question:||What can I do if my pawn ticket is lost or destroyed?|
|Answer:||Go immediately to the All Pawn location where you made the loan. If your items have not been redeemed and you are within the grace period, you can complete and submit a lost ticket request for a nominal fee. Bring the same photo identification card you used when pawning your items.|
|Question:||I feel embarrassed to use pawn services or even enter a pawn shop. Why?|
|Answer:||There was once a stigma to being "seen" in a pawn shop, but those days have long past. All Pawn, Inc. is a modern, upscale shop with good security for borrowers and shoppers and a friendly, helpful staff. Many of our shoppers and loan clients are people from area businesses, organizations and law enforcement communities.|