The verb pawn refers to the action of leaving something of your own as warranty of the return of a loan or the fulfillment of a commitment. Once the obligation is satisfied, the person it is done again with the object pawned.
Some examples where the term appears are: "If I don't get a job in the next few weeks, I'm going to have to pawn my mother's jewelry", “If you need to get immediate money, pawning is a good option”, “Marta regretted pawning her television since she now has a hard time recovering it”.
The procedure through which a person pays any of their assets, is known as pledge or pledged credit . In this transaction, the one who pays receives a loan according to the value of the thing given as collateral (or committed). It is deposited by the entity that grants the credit as insurance for the fulfillment of the obligation. If the debtor does not fulfill his obligations, this good can be auctioned or sold so that the lender obtains the resources that are equivalent to the payment of the loan.
In colloquial speech the verb pawn also means persistently insist on something . We can say, for example: "I will work to reach the summit even though everyone thinks I'm going to fail", "The boy did not abandon the effort although the results were not as expected", "I do not understand why you will try to solve something that, sooner or later, will cause you problems again".
There is also a third use that verbal that serves to express that It will take a certain period of time to carry out a certain action. In that sense we can say, for example, "The artist worked five years to finish the work", "Ricardo does not understand why I worked so many months to complete the writing".
Pawn goods to deal with the crisis
In this era in which many countries are beset by the crisis, the efforts have become extremely common . Certainly, the pawn industry is one of the few that has experienced great growth in recent years.
Large lenders have experienced historical records of tax earnings and, possibly, this increase has a single protagonist "Cash for Gold". That is, the exchange of gold for metallic money. Many people have pledged their family jewelry to get cash in return to help them cope with the economic shocks.
The crisis is one of the main reasons why this sudden rise in the economy of lenders has taken place; and maybe it’s time to give some room to advantages of this type of exchange .
Borrowing only what is needed can be a good way to ensure that no more is spent than necessary. On the other hand, trusting a pawn company is sometimes more beneficial than doing it in a bank that will consume us with your interests. For this reason many people have become loyal pawnshop customers, where they can redeem their guarantees with an approximate rate of 80%.
It should also be mentioned that there are different types of pawn shops ; generally linked to one or another type of merchandise. For example, in some of these companies you can offer jewelry or similar goods, in others, you can put your car under warranty. That is, considering how much money you need and what you have to offer as a guarantee, you should go to one or another pawn shop.
It is important that you keep in mind, if you are thinking of engaging in a piece of value, that you should find out about the credibility of the group in which you are confident and, above all, its solidity , so as not to bring you any sad surprise that will lead you to a situation that is very difficult for you to leave.
