pawn 1 /'pȯn/ n
1 a: a pledge and transfer of possession of movable or personal property to a creditor which gives the creditor the privilege of satisfying the debt from the property (as by selling it) if the debt is not repaid within a specified time; also: the property pledged
shall not take as a pawn any workman's tools compare antichresis
b: the state of being so pledged or burdened by such a pledge
goods held in pawn
2: the act of pawning
pawn 2 vt: to put (personal or movable property) in pawn
pawn·er /'pȯ-nər/ or paw·nor /same orpȯ-'nȯr/ n
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.