IMPAWN Meaning and
Definition
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Impawn is a verb that refers to the act of pledging or placing something as security or collateral for a loan or debt. When an individual impawns an item, they essentially hand it over to a lender or creditor as a form of guarantee for the repayment of a financial obligation. The item can be of value, such as jewelry, artwork, or valuable goods, and it serves as a form of assurance that the borrower will fulfill their repayment obligations.
When an item is impawned, it typically remains in the possession of the creditor until the debt is repaid in full, at which point it is returned to the owner. The act of impawning can occur in various contexts, such as obtaining a loan from a pawnshop, where the borrower relinquishes ownership of an item in exchange for cash. In this case, the pawnshop becomes the recipient of the impawned item and assumes the role of the creditor until the loan is repaid.
The term "impawn" stems from the combination of the prefix "im-" meaning "into" or "towards" and the word "pawn," which refers to the process of giving an item as collateral. Together, they signify the action of placing an item into pawn. Impawn is primarily used in legal and financial contexts and is often found in discussions relating to loans, debts, and collateral agreements.
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To pledge; to deposit as a security.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for IMPAWN
- jmpawn
- kmpawn
- ompawn
- 9mpawn
- 8mpawn
- inpawn
- ikpawn
- ijpawn
- imoawn
- imlawn
- im-awn
- im0awn
- impzwn
- impswn
- impwwn
- impqwn
- impaqn
- impaan
- impasn
Etymology of IMPAWN
The word Impawn is derived from the Old French term empawner, which means to put in pawn or pledge. It entered the English language around the late 14th century. The Old French word itself can be traced back to the Latin term pignus, meaning pledge or pawn.
Idioms with the word IMPAWN
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