Secured loan - Wikipedia
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to regain some or all of the amount originally lo
Pawnbroker - Wikipedia
A pawnshop business in Munich, Germany in 2014 A pawnbroker in Oulu, Finland in 2009 A London shop displays the traditional pawnbroker's sign A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral. The items having been pawned to the broker are themselves called pledges or pawns, or simply the collat
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