For the purpose of this chapter, unless the context otherwise appears, a
PAWNBROKER shall be deemed to be any person, partnership, or corporation engaged in the business of lending money on the security of pledged goods; or engaged in the business of purchasing tangible personal property on condition that it may be redeemed and repurchased by the seller for a fixed price within a fixed period of time; or engaged in the business of advancing money to a customer in consideration for the customer
surrendering possession of tangible personal property on an agreement by which the property may be returned to the customer’s possession on repayment of the money advanced; and engaged in the business of selling new and used tangible personal property, whether unredeemed tangible personal property resulting from a pawn transaction, or acquired by a purchase of tangible personal property not acquired in a pawn transaction or purchased merchandise for resale from dealers and traders.
(Tenn. Code Ann. § 45-6-203(5))
(`83 Code, § 5-601)
Statutory reference:
Similar definition, see Tenn. Code Ann. § 45-6-205