<div class="chunk-title">Sec. 14-162. - 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>
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               <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>
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               <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">Pledged goods</span> means tangible personal 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">
               (Code 1978, Â§ 6-154)
               </p>
            <p class="refcross0" block_type="hang"><b>Cross referenceâ€” </b>
               Definitions generally, <a href="" data-chunk-id="COOR_CH1GEPR_S1-2DERUCO" class="section-link" data-product-id="11337">Â§ 1-2</a>.
               </p></div>