Definition

Noun: A written receipt issued by a pawnbroker as proof that an item has been left as security for a loan. The ticket must be presented to reclaim the pledged item upon repayment of the loan and any interest.

Usage

The term "pawn ticket" refers specifically to the physical or digital document that serves as a contract and proof of deposit. It is a crucial document for the customer. - He lost his pawn ticket and had difficulty proving he owned the watch in the shop. - To get your guitar back, you must bring the pawn ticket and the full amount owed.

Advanced Usage

• "to hold the pawn ticket": To be in possession of the receipt, implying control over the right to redeem the item.
  • Whoever holds the pawn ticket is legally entitled to reclaim the item.
• "against a pawn ticket": Referring to an action taken using the ticket as proof or collateral.
  • The loan was issued against a pawn ticket for a diamond ring.

Variants and Related Words

• Pawn receipt: A less common but synonymous term for a pawn ticket.
• Pledge ticket: Another synonym, using the formal term "pledge" for the deposited item.

Synonyms

• Pawnbroker's receipt: A descriptive synonym that explicitly names the issuer.
• Security ticket: A broader term that could apply to similar receipts in other secured transactions.

Related Phrases

• To redeem an item with a pawn ticket: The standard phrase for using the ticket to get one's property back.
  • She saved for months to redeem her grandmother's necklace with the pawn ticket.
• To forfeit an item by not presenting the pawn ticket: Describes the consequence of losing the ticket or failing to repay the loan.
  • If you lose the ticket, you risk having to forfeit the item.

Noun

1. a pawnbroker's receipt for articles taken as security