A pawn is an article deposited as loan security.

A pawn is also a loan secured by collateral and in this context, a pawn may include more than one item.

A variety of fees and loan interest rates may apply to pawns.

Pawn fees are set in Pawnbroker Pawn Shop Software in Program Setup. PPSS uses those settings to auto-compute charges.

Computerized computation of fees helps to eliminate math errors, especially in regards to employees. (See Pawn Fees.)

In PPSS, Inventory includes items pawned, bought, redeemed, forfeited and sold.

The term 'Old Pawn' customarily refers to pawn jewelry from the early 1920s to the late 30s. 'Dead Pawn' refers to pawns not collected after the agreed date.

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