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A store of various sizes - sort of an "every-day garage sale" - that people goto in search of a small loan in place of an item as collateral. Most/Some places will hold the item for up to 90 days before putting it out on the shelves - if, in the matter that the loaner does not come to get it, and whilst doing, the Pawn Broker submits the information to the police (as required by law) so that the police can check for stolen merchandise (in some states).

The approximate value that you can pawn an item is based on what the Pawn Broker - in the matter that you don't come back for it - can get for it if the need to resell it arises. It basically works out as, he'll sell it back for about 60% of what it would be new (condition warrenting), and will take it from your for roughly 33% of said 60%. Although, there are cases where the price he will take it from you will be much lower.

The main point of a Pawn Shop is to loan out money for small items, and the customer will come back and repay the loan (with interest) for the item back. However, there are points where some people come in to just outright sell their item.
$100 new
$60 can sell it back for
$20 taken for

You give a Pawn Broker at a Pawn Shop your watch that you bought for $100, he estimates (in his head) that he could sell it for $60 in the matter that you don't come back, so he assumes the watch has a collateral equal to $20, and thusly loans you $20 and holds the watch.
by oldspankie February 09, 2006
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Mar 1 Word of the Day
One who has a mania for music.
I am a melomaniac.
by Larstait November 14, 2003
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A place where people in need of money either sell their own items of value, or of those belonging to another person, at far less than what it's worth.
I tried to sell all of my Seals & Croft albums, but the Pawn Shop didn't want them. I guess it's off to the plasma bank for me!
by ILoveThom'sChickenDance October 23, 2003
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"Imma get some skank-ass shit in dis mofo."
"Fo shizzle, I gots to hit da pawnshop first."
by Pecan Pie April 30, 2004
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A Daycare for drug addicts,and the mentally challenged in need of serious help.
A customer walks into the pawnshop to sell a Playstation 2, brings in a Nokia phone charger as the power cord. The customer then goes home to get the right charger, and brings in another wrong charger. Example #2: Customer comes to the pawnshop to sell a microwave ... and forgets to take out his lunch.
by SLO February 13, 2006
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when a woman has been fucked by so many different things in her pussy
You want me to fuck you with what? Jesus, its like a pawn shop in there!
by Michael S King January 13, 2009
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See the following website for the true meaning.
Yo! Grande Baller Shops at the Pawnshop. Word Playa!
by trailerparkmulletdude May 29, 2004
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