The meaning of PAWN is one of the chessmen of least value having the power to move only forward ordinarily one square at a time, to capture only diagonally forward, and to be promoted to any piece except a king upon reaching the eighth rank.
To pawn something is to use it as collateral when you're borrowing money. When you pawn a necklace at a pawn shop, you get cash in exchange for it with the understanding that you can buy it back later.
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Verb pawn (third-person singular simple present pawns, present participle pawning, simple past and past participle pawned) (transitive) To pledge; to stake or wager. (transitive) To give as security on a loan of money; especially, to deposit (something) at a pawn shop.
If a pawn shop loans $50 on a gold necklace, they might charge $5 to keep the necklace in pawn for each month.
Pawn 1 accepts most items of value in exchange for a short-term cash loan. We place the highest value on your item, give you the cash, and then securely store it until you’re ready to get it back.
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