pawnbroking
/ˈpɔːnˌbroʊkɪŋ/
noun
- The business of lending money to people in exchange for valuable items (such as jewelry or electronics) that are kept as security until the loan is repaid.
- She learned the rules of pawnbroking from her uncle, who owned a small shop downtown.
- Pawnbroking has been a way for people to get quick cash for centuries.
- Many cities have laws that regulate pawnbroking to protect customers.