Legal English Word of the Day: pawn

Word: pawn Definition: An item of personal property deposited as security for a loan, or the act of such a deposit. Sample Sentence: She pawned her watch to cover the cost of a medical emergency. Why It Matters: Pawning involves legal contracts and property rights and can affect title and ownership. Quick Tip: Understand your rights and obligations before pawning personal property. Source: https://legal.thomsonreuters.com/blog/legal-glossary/