👉 Pawnbrokering is a profession that involves trading securities and commodities, such as stocks, bonds, and futures. It typically involves working with clients who are interested in buying or selling these securities to make money on the transaction. Pawns are the financial instruments used by pawnbrokers to trade with their clients. They are essentially small pieces of paper, often called a "pawn," that have a value attached to them. These pawns can be traded for larger amounts of money, such as stocks
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What is the definition of Pawnbrokery? 🙋
👉 Pawnbroking is a legal profession that deals with the sale, purchase, or exchange of pieces of property known as "pawns" (which are not considered to be part of the original asset). Pawnbrokers typically act as intermediaries between buyers and sellers in these transactions. The purpose of pawnbroking is to facilitate the transfer of money from one party to another without having to physically present a piece of property, thus avoiding the need for court proceedings or the risk of losing the property
