For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates, or requires, a different meaning.
PAWN TRANSACTION. Any loan on the security of pledged goods, or any purchase of pledged goods, on the condition that the pledged goods are left with the pawnbroker, and may be redeemed, or repurchased, by the seller for a fixed price within a fixed period of time.
PAWNBROKER. A person engaged in whole, or in part, in the business of lending money on the security of pledged goods left in pawn, or in the business of purchasing tangible personal property to be left in pawn on the condition that it may be redeemed, or repurchased, by the seller for a fixed price within a fixed period of time.
PAWNSHOP. The location at which, or premises in which, a pawnbroker regularly conducts business.
PLEDGED GOODS. Tangible personal property, other than a choice in action, securities, bank drafts, or printed evidence of indebtedness, that are purchased by, deposited with, or otherwise actually delivered into the possession of a pawnbroker in connection with a pawn transaction.
(Prior Code, § 6.31)