pawnbroking

[ pawn-broh-king ]

noun

1. the business of a pawnbroker.

Word History and Origins

Origin of pawnbroking¹

First recorded in 1805–15; pawnbrok(er) + -ing ¹

Example Sentences

A spokesperson said: "As people continue to face financial challenges due to the ongoing cost of living squeeze, pawnbroking may be a useful product for some to turn to."

From BBC

But they added that the FCA was working to "raise standards in the high cost credit industry, including in pawnbroking, and we're holding firms to account for meeting them."

From BBC

Consumer advice on pawnbroking is available from Citizens Advice and the Money and Pensions Service.

From BBC

Pawnbroking will "likely only worsen, rather than alleviate, peoples' financial position in the long run," warned the charity's director of external affairs, Richard Lane.

From BBC

Debt charity StepChange says it would rather have more alternatives available to people than high-cost credit but that pawnbroking can be a lot safer than many of the alternatives.

From BBC