Pawning an object of value allows you to obtain a loan instantly, leaving what is pledged as collateral.
The Royal Spanish Academy ( RAE ) recognizes a dozen meanings of commitment . The term comes from the Latin expression in pignus , which can be translated as “in pledge of” .
The first meaning mentioned in the RAE dictionary indicates that pawn is the act and result of pawning or pawning . The verb pawn , meanwhile, refers to leaving something as a pledge as a guarantee of the fulfillment of an obligation; to put effort or will; to insist tenaciously; or to allocate a certain amount of time to something.
Pawn as a loan
The idea of pawn can be associated with a collateral or pledge loan . This type of credit is granted against a guarantee (the pledge ), which assures the creditor of the corresponding collection.
When a person pawns something, he gives it to the lender to guarantee that the obligation will be fulfilled. If, after the deadline, the debtor does not pay, the creditor can auction or sell the pledged object to satisfy the payment of the credit.
The entity that makes instant money loans through the pledge system is called a pawnshop . This means that anyone who approaches a pawn shop with a valuable item can leave it as collateral and take the cash.
If the subject returns the money with interest within the agreed time, he recovers the pawned object. Otherwise, the pawn shop can sell the item and keep the proceeds.
A pawn shop offers collateral loans.
What products can be pawned
The pawn shop or the institution that grants pledged credit decides what type of items it accepts as collateral. The usual thing is that the establishment, upon receiving what it intends to pawn, puts a value on it to define the amount of the credit and explains the conditions of the loan to the interested party. If there is an agreement, a contract is signed where the clauses are set out.
Jewelry is among the most pawned items. It is also common for watches , electronic devices (such as video game consoles , computers , televisions and telephones ), musical instruments , household appliances and even vehicles ( cars , motorcycles , etc.) to be pawned.
It is important to mention that the pawn shop must keep what it receives in good condition. It also has to guarantee security , guarding the products.
Endeavor as effort
When someone acts with determination, they do so voluntarily, with effort or tenacity . Having the commitment to something, in turn, refers to having the objective or goal of achieving what is proposed.
Suppose a young person suffers an accident that, as a consequence, leaves him with motor difficulties. For this reason, at first, the boy cannot play football ; However, with determination, he manages to return to playing sports. The effort, in this case, includes everything done to be able to play again, such as rehabilitation sessions and training days.
Let's take the case of a writer in the Aboriginal language who aims to preserve and make his language known. The author's efforts to protect and disseminate this language lead him to give talks and conferences in cultural and educational centers and to teach free courses so that more and more people use it or at least understand it.