pawn

pawn, n.

1. An item of personal property deposited as security for a debt; a pledge or guarantee. • In modern usage, the term is usu. restricted to the pledge of jewels and other personal chattels to pawnbrokers as security for a small loan.

2. The act of depositing personal property in this manner.

3. The condition of being held on deposit as a pledge. Cf. BAILMENT.

4. PIGNUS (1). — pawn, vb.

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