pawn ticket

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Explanation of "Pawn Ticket"

Definition:
A "pawn ticket" is a receipt given by a pawnbroker when you give them something valuable, like jewelry or electronics, in exchange for money. The pawn ticket serves as proof that you have given them your item, and it usually includes details about the item and the amount of money you received.

Usage Instructions

• You get a pawn ticket when you pawn (or temporarily sell) an item.
• Keep the pawn ticket safe. You need it to get your item back after you pay back the money you borrowed.

Example

• "I needed some money, so I took my grandmother's ring to the pawn shop and received a pawn ticket for it."

Advanced Usage

In more advanced contexts, a pawn ticket can also be discussed in relation to financial concepts like collateral (an item of value given to secure a loan) and the pawnbroking industry. For example: - "The pawn ticket serves as collateral for the loan provided by the pawnbroker, ensuring that the item can be reclaimed upon repayment."

Word Variants

1. Pawn (verb): To give something valuable to a pawnbroker in exchange for money.
   • Example: "I had to pawn my guitar to pay my bills."
2. Pawnbroker (noun): A person or business that lends money in exchange for items of value.
   • Example: "The pawnbroker offered me a fair price for my watch."

Different Meanings

• Pawn (noun): In chess, a pawn is the smallest piece that can only move forward one square at a time, except for its first move when it can move two squares.
• Pawn (verb): To use something as security for a loan.

Synonyms

• Receipt: A document acknowledging a transaction.
• Collateral receipt: A broader term that includes any receipt for items used as security for a loan.

Idioms and Phrasal Verbs

While "pawn ticket" doesn’t have specific idioms or phrasal verbs associated with it, related phrases might include: - "To pawn something off": To sell or give away something valuable, often in a desperate situation. - Example: "He pawned off his old camera to buy groceries."

Summary

A pawn ticket is an important document that you receive when you pawn an item. It proves that you have given your item to the pawnbroker in exchange for a loan.

Academic

Noun

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