Hockshop: meaning, definitions and examples
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hockshop
[ ˈhɒkʃɒp ]
pawn shop
A hockshop, or pawn shop, is a business that offers secured loans to people, with personal property used as collateral. The items pawned are kept in the shop and can be reclaimed by the owner upon repayment of the loan plus interest within a specified time. If the item is not reclaimed, the shop has the right to sell it to recover the loan amount.
Synonyms
pawn shop, pawn store, pledge shop.
Examples of usage
- I went to the hockshop to pawn my guitar.
- He found a great deal on a watch at the local hockshop.
- She often visits the hockshop to see if there are any vintage items.
- The hockshop is always crowded on weekends.
- They offered me a low price at the hockshop for my old jewelry.
Translations
Translations of the word "hockshop" in other languages:
🇵🇹 casa de penhores
🇮🇳 हॉकशॉप
🇩🇪 Pfandleihe
🇮🇩 toko gadai
🇺🇦 ломбард
🇵🇱 komis
🇯🇵 質屋
🇫🇷 mont-de-piété
🇪🇸 comercio de empeños
🇹🇷 ürtme dükkanı
🇰🇷 전당포
🇸🇦 محل الرهن
🇨🇿 zastavárna
🇸🇰 zastaváreň
🇨🇳 典当行
🇸🇮 zastavljalnica
🇮🇸 veðsetur
🇰🇿 пандус
🇬🇪 გადახდის სადგური
🇦🇿 pawnshop
🇲🇽 casa de empeño
Etymology
The term 'hockshop' is derived from the verb 'hock,' which originated in the early 19th century, possibly from the German word 'hocken' meaning 'to pawn' or 'to pledge.' The connection between pawning and the term relates to the process of pawning items, where personal possessions are deposited as collateral for loans. These establishments became more common in urban areas where individuals sought immediate cash for their valuables. As the practice of securing loans with personal property became more prevalent, the term 'hockshop' evolved, becoming synonymous with pawn shops in various regions. Hockshops not only serve as financial institutions but also have become places where unique and valuable items can be bought and sold, reflecting the economic conditions and culture of the communities they serve.