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PAWNBROKER Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

A person whose business is to lend money, usually in small sums, on security of personal property deposited with him or left in pawn. Little Itock v. Barton, 33 Ark. 444; Schaul v. Charlotte. 118 N. C. 733, 24 S. E. 520; Chicago, v. Hulbert, 118 111. 032, 8 N. E. 812, 59 Am. Rep. 400. Whoever loans money on deposit or pledges of personal property, or who purchases personal property or choses in action, on condition of selling the same back again at a stipulated price, is hereby defined and declared to be a pawnbroker. Rev. St. Ohio 18S0,

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