Examples of Pawn transaction in a sentence
Pawn transaction" means the lending of money on the security of pledged tangible personal property that is delivered to a pawnbroker and held by the pawnbroker.
Definitions As used in this Article, the following definitions shall apply: (1) "Pawn" or "Pawn transaction" means a written bailment of personal property as security for a debt, redeemable on certain terms within 180 days, unless renewed, and with an implied power of sale on default.
When you log into the DES application, the system checks for an active firearms dealer, secondhand dealer, and/or pawnbroker license through the Centralized List database and will display the appropriate acquisition types for selection: All firearms dealers have access to the Buy transaction type. Secondhand dealers have access to the Buy and Consignment transaction types. Pawnbrokers have access to the Buy, Consignment, and Pawn transaction types.
Purchases by persons primarily in the business of obtaining from the15 public, either by purchase or exchange, of sporting goods and16 sporting equipment, provided the amount paid for the individual item17 purchased is less than fifty dollars ($50).18 (1)(3) "Pawn" or "Pawn transaction" means a Pawn or pawn transaction.
Pawn transaction means any loan on the security of pledged goods or any purchase of pledged goods on condition that the pledged goods may be redeemed or repurchased by the seller for a fixed price within a fixed period of time and any purchase of a motor vehicle on the condition that such motor vehicle may be redeemed or repurchased by the seller for a fixed price within a fixed period of time and may be leased back to the seller during such period of time.