Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia.


the premises of a pawnbroker
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.



(Russian, lombard), a money-lending institution dealing in pledges. It lends money on the security of pawned personal property. The first pawnshop was established in France during the rule of Louis XI (1461-83) by moneylenders who were immigrants from Lombardy (Italy). In the 15th century pawnshops appeared in Italy, Germany, and other countries. In the 19th century pawnshops existed in all capitalist countries; the majority of them were in the hands of big capitalists. In the 20th century the pawnshop business has been dominated by the monopolies, which levy high interest rates and receive big profits mainly from the poor.

In Russia in 1733, some pawnshop operations were started by the Monetary Office on the security of gold and silver objects. In 1772 in St. Petersburg and Moscow, government pawnshops were opened. The development of a network of pawnshops financed on the shareholding principle dates from the late 19th and early 20th centuries. In 1917, in addition to the joint-stock pawnshops, there were 109 municipal (city) pawnshops. When in 1918 the prerevolutionary lending institutions were liquidated, the old pawnshop system was also abolished. In 1922-23 in the USSR, state pawnshops were established on a self-supporting basis under the management of the local Soviets within the system of public service institutions. Their goals are to safeguard for a small fee objects of personal and household use and also to lend money on the pledge of these objects as security. The accepted property is insured at the expense of the pledger. The amount of the loan can reach 75 percent of the value of the pledged objects; for precious metals and stones, pearls, and gold watches it can go as high as 90 percent.

The maximum amount of the loan that may be given in a single transaction, the rate of interest on loans, and the term of the loan are fixed. The volume of credit issued to Soviet people in 1972 amounted to approximately 40 million rubles. The pawnshops have the right to use bank credit for the expansion of their operations.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
For many years, Filipinos have counted on pawnshops for financial services and assistance, both during their hours of need and moments of favor.
Rebranded as Chicago Loan Co, it is the newest addition to The Loan Companies, joining New York Loan company in New York City's Diamond District and "Pawnshop to the Stars," Beverly Loan Co, which has provided collateral loans to clients in Beverly Hills since 1938.
Amin, Chong, Dahlan and Supinah (2007) contributed some interesting findings to further understand the Islamic-based pawnshop (Ar-Rahn).
For someone to be considered a pawnshop user in my analysis, they must answer "yes" to the question "Have you or anyone in your household ever sold items at a pawn shop?" and have a frequency of use of either "At least a few times a year" or "Once or twice a year." Meanwhile, an individual is coded as using payday loans if they answer "yes" to the question "Have you or anyone in your household ever used payday loan or payday advance services?" and they say that they have taken out at least one payday loan in the past 12 months.
Pawn Stars shows how pawnshops earn their profits by providing a valuable service that people choose to take advantage of.
Tim Collier's shop, Pacer Ltd., barely resembles anyone's image of a pawnshop. Collier, a man with a white beard and rosy cheeks, sits behind a cozy desk in his Little Rock office on South University Avenue, His office is his shop, where there's nary a camera, rifle or jewel in sight.
Ramon Arizal broke into Lingkod Bayan Pawnshop in Quezon City on Tuesday, entering through a hole in the roof, the daily Philippine Star reported.
To bring some order and rules into the business, this year the state adopted a regulation in February 2009 stipulating the way a pawnshop should function.
McLeod yesterday on charges of taking part in a 2005 pawnshop robbery that left two men with multiple gunshot wounds, but found him guilty of later possessing the firearm used in the holdup.
State investigators say Debra Barkley is illegally running a pawnshop.
A few minutes later, about 10:30 a.m., police arrived and found the pawnshop employee holding two robbers at gunpoint.