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A new pinky ring. An old cassette player. You can probably find all this and more at a pawn shop in Waco. What you may not know, is that you can also find expensive short-term loans that can be difficult to pay back.
To pawn something is to hand over a valuable item to a pawn shop in exchange for a small cash loan. Most valuable items can be pawned. The main drawback to these loans it that if you fail to pay them back, the pawn shop has the right to sell your item to recoup their losses.
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