What is the point of pawning an item?

If you are looking for some quick cash or have storage rooms full of items that you never use just gathering dust, you might want to consider heading for your local pawn shop. Although you could walk away with money at the end of the day, it is important to understand how pawn shops work before you even enter the shop. When you step into a pawn shop you have two choices – to pawn or to sell. Pawning involves leaving something valuable as security for a loan whereas selling is when you'll get cash for the item.

What is the point of pawning an item?

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