In pawn practice, pawnbrokers can borrow money from pawn shops. Whether the pawnshop redeems the pawned property or not, the financing function of the pawn is obvious. The financing function of pawn can not only play a role independently, but also play a role together with other functions of pawn. The legal nature of the exchange of money and goods determines that the financing function is the primary social function of pawn.
When the customer dies because he can't or won't redeem the pawn, the pawnshop can dispose of the pawn by selling, auctioning, discounting or directly owning it, which involves the sale of the pawn. The function of pawn sales is the last one, that is, it must play a role later than other functions of pawn.
Extended data
Pawning process:
People who engage in pawn are called pawnbrokers, and places where they engage in pawn are generally called pawn shops, pawn shops or pawn shops. Industries are generally divided into four categories: pawn, pawn, pawn and pawn, from which the word "pawn" comes. ?
First of all, the person who needs to borrow money gives the collateral to the pawnshop for valuation, and the pawnshop lends money according to a certain proportion of the valuation and keeps the borrower's property within the loan period. If the borrower can repay the loan and pay the handling fee, he can get back the collateral, otherwise the pawnshop will confiscate the collateral and sell it, or he can buy it and sell it immediately.
In order to avoid receiving stolen goods, pawn shops will generally keep the goods for a period of time according to the requirements of the police, generally ranging from 2/kloc-0 to 30 days. Traders pointed out that in some areas, borrowers need to show their identity documents (for example, Hong Kong needs to show its resident identity card or passport). On the contrary, in Yi Bei and flea markets, the chances of buying stolen goods are higher, because goods are not regulated.