Glossary
Collateral
An item pledged to secure a pawn loan.
Redemption
Repaying according to terms to retrieve the pledged item.
Forfeiture
When an item is not redeemed according to the terms and may become available for resale.
An item pledged to secure a pawn loan.
Repaying according to terms to retrieve the pledged item.
When an item is not redeemed according to the terms and may become available for resale.