16
Jan

Whats a pawn broker?

Author: admin

Second hand shop.

If you pawn say, a ring you can borrow money against it.

The pawn shop keeps the ring, you pay him later plus interest.

If you fail to pay, he keeps the ring.


Answer:
They break pawns in the past tense

Answer:
someone at a pawnshop that takes or gives the value of the item that you or they r interested in..for asmall % of its worth..thats my opinion.

Answer:
a place where people can either temporarily or permanently sell items to get money. If temporarily, they can later buy back those items if they want, but if they do so, they'll have to pay an extra fee.

Funny, I'm actually reading Crime and Punishment right now. Pawnbroker gets murdered… ;p


Answer:
This is someone who mediates the sale of a small item from one person to another.

Having said that, it's not like you approach the pawn broker and say "I have a watch to sell" and then he goes out and finds someone willing to buy your watch and then gets you together (for a fee). You go to a "pawn shop" and give them your watch in exchange for some money. Someone else comes along and buys your watch. The pawn shop keeps the profit. It's not radically different from say a consignment store, except usually a pawn broker will have some period of time that they will hang onto the item (before putting it on sale) and you can come back, pay what you owe, with interest, and reclaim your item. In this case, the money is considered a loan, and your watch the collateral.


Answer:
Keeps you watch,chain, or some other valuable for a certain amount of money for a fixed period.If you don't pay He sells it to someone else.

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This entry was posted on Wednesday, January 16th, 2008 at 10:43 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or TrackBack URI from your own site.

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