#collateral

• Pawn — A form of movable property security whereby a debtor delivers a movable asset (valuables, jewelry, electronics) to a creditor to secure the repayment of a debt or to obtain a short-term cash loan. By extension, the term designates the commercial institution or specialized shop (pawnshop) that grants these loans based on the appraisal of the pledged goods.
• Pawning — The act of pawning a movable asset and its result; the legal and financial process through which an object is left as collateral in exchange for a short-term loan. It represents the entirety of administrative operations, including asset appraisal, signing the agreement, and safely storing the object.
• Pawned (archaic) — Having been left as a pledge or pawn under an old-style credit transaction; pawned, mortgaged according to commercial practices of past centuries. In a historical legal sense, the term describes the special status of a movable or immovable asset in the temporary possession of a creditor.
• Pawned — Having been delivered or left as collateral in a pawnshop or with a creditor to secure the repayment of a monetary loan; pledged. In an extended and figurative sense, it describes something of material or spiritual value (such as freedom, the future, or honor) that has been sacrificed or endangered for immediate gain.