Pawnbroker - Law Dictionary Search Results
Home Dictionary Name: pawnbrokerPawnbroker
Pawnbroker, contemplates that every person who keeps a shop for the purchase or sale of goods or chattels and who purchases goods or chattels and pays or advances thereon any sum of money, with or under an agreement or understanding expressed or implied that the goods or chattel may be afterwards repurchased on any terms, is a 'pawnbroker', Karnataka Pawnbrokers' Assn. v. State of Karnataka, (1998) 7 SCC 707.One who lends money on goods which he receives upon pledge.The rate of interest which pawnbrokers may take has been fixed by law since 1800, by 39 & 40 Geo. 3, c. 48, which Act placed their whole business under various other restrictions. By the (English) Pawn-brokers Act, 1872 (which applies to Scotland, but not to Ireland), this Act, together with its amending Acts, is repealed, and the statute law of the subject consolidated. Sch. IV., dealing with profits and charges, has been amended by the (English) Pawnbrokers Act, 1922, in respect of loans not exceeding 40s.By s. 5 of the A...
pawnbroker
pawnbroker : a person who lends money on the security of personal or movable property pledged in his or her keeping or who buys personal property and gives the seller an opportunity to buy back the property ...
Pawnbroking
The business of a pawnbroker...
Usury
Usury, any reward taken for the use of money. Usura est commodum certum quod propter usum rei (vel 'ris) mutuat' recipitur; sed, secundario sperare de aliqua retributione, ad voluntatem ejus qui mutuatus est, hoc non est vitiosum. 5 Rep. 70.-(Usury is a certain benefit which is received for the use of a thing (or of money) lent; but, secondly, to hope for a certain return at the option of the party who borrowed, this is not vicious.) The term is usually applied to the taking of exorbitant interest, or of interest of a greater amount than is allowed by law. Eleven statutes, from 37 Hen. 8, c. 9, to 13 & 14 Vict. c. 56, fixing the legal rates of interest, were all repealed in 1854 by 17 & 18 Vict. c. 90, together with 'all 'the then' existing laws against usury,' but the interest which pawnbrokers (see that title) may take is still restricted bylaw, and the 109th Canon, including usury amongst other offences for which an offender may be presented, has not only not been expressly repealed...
buyer in ordinary course of business
buyer in ordinary course of business :a bona fide purchaser who in a normal or regular business procedure buys goods from a seller in the business of selling goods of that kind NOTE: Under the Uniform Commercial Code a buyer in ordinary course of business takes the purchased goods free of the property interests of a third party. The consideration exchanged for the goods is restricted to cash, other property, or credit. The purchase also cannot be a transfer in bulk or serve as security for or satisfaction of a debt. Pawnbrokers are specifically excluded from qualifying as buyers in ordinary course of business. ...
pawnshop
pawnshop : a pawnbroker's shop ...
Lombardeer
A pawnbroker...
Lombard house
A bank or a pawnbrokers shop...
Lumber
A pawnbrokers shop or room for storing articles put in pawn hence a pledge or pawn...
VerbarMont de pieacuteteacute
One of certain public pawnbroking establishments which originated in Italy in the 15th century the object of which was to lend money at a low rate of interest to poor people in need called also mount of piety The institution has been adopted in other countries as in Spain and France See Lombard house...
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