<div class="chunk-title">Sec. 8-72. - Definitions.</div>
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            <p class="p0">
               The following words, terms and phrases, when used in this article, shall have the
               meanings ascribed to them in this section, except where the context clearly indicates
               a different meaning:
               </p>
            <p class="p0">
               <span class="ital">Pawn</span> and <span class="ital">pawn transaction</span> mean a written bailment of personal property as security for a debt, redeemable on
               certain terms within 180 days, unless renewed, and with an implied power of sale on
               default.
               </p>
            <p class="p0">
               <span class="ital">Pawnbroker</span> means any person engaged in the business of lending money on the security of pledged
               goods and who may also purchase merchandise for resale from dealers and traders.
               </p>
            <p class="p0">
               <span class="ital">Pawnshop</span> means the location at which, or premises in which, a pawnbroker regularly conducts
               business.
               </p>
            <p class="p0">
               <span class="ital">Person</span> is any individual, corporation, joint venture, association, or any other legal entity,
               however organized.
               </p>
            <p class="p0">
               <span class="ital">Pledged goods</span> means tangible personally property which is deposited with, or otherwise actually
               delivered into, the possession of a pawnbroker in the course of his business in connection
               with a pawn transaction.
               </p>
            <p class="p0">
               <span class="ital">Purchase</span> means any item purchased from an individual for the purpose of resale whereby the
               seller no longer has an interest in the item.
               </p>
            <p class="historynote0">
               (Ord. of 2-5-07(2), Â§ 8-53)
               </p></div>