Pawning is to give or deposit personal property as security for the payment of money borrowed.
When you pawn, you are given the chance to redeem the item that you have put up as collateral until you pay back your loan and interest. A sell works the same way as a pawn, except once you sell the item, it then belongs to the pawn shop. The only way to get it back afterwards is to buy the item off the sells floor at sells price.
We do loans on anything of value subject to managers approval. Mostly all electronics we do not take any older then 2 years of age according to the manufactures date. All televisions, dvd players, and stereos must have the remote before we can take it in pawn. We loan on gold, diamonds, and platinum.
Items such as gold and platinum, we loan by the weight of the item. Electronics depends on the condition, name brand, and model.
We no longer take guns or any weapons such as knives.
We hold a pawn for a total for 90 days, though the interest applies every 30 days.