The Pawnshop

A pawnshop is a business that offers loans in exchange for personal items as collateral. Customers bring valuable items, such as jewelry, electronics, or musical instruments, to the pawnshop, where the owner assesses their worth. The shop provides a loan that is typically a fraction of the item's value, and customers have a set period (usually a few months) to repay the loan with interest to reclaim their items. If the loan isn’t repaid, the shop can sell the item to recover its money. Pawnshops also buy items outright, providing cash for valuables without requiring a loan.