Pawnshop
(noun)
A business where people can borrow money by leaving something valuable as collateral.
Origin:
The word pawnshop comes from the word "pawn" which means "something given as security for a loan" and "shop" which means "a place where goods are sold". it refers to a business where people can borrow money by leaving something valuable as collateral. pawnshops have been around since ancient times and were used as a source of short-term credit. the word was first used in the 15th century.
Examples:
- He pawned his watch at the pawnshop to pay his rent.
- The pawnshop owner offered to buy her diamond ring.
- She needed cash and the pawnshop was her only option.
- He was able to get a loan from the pawnshop on his guitar.
- The pawnshop had a variety of items for sale, including jewelry and electronics.