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For the purposes of this chapter, the following words and phrases shall have the meanings below respectively ascribed to them:

A. “Pawnbroker” means a person engaged in, conducting, managing, or carrying on the business of pawnbroking, or the business of loaning money for himself or for any other person, receiving as security for the repayment thereof pawns or pledges of personal property, or the business of purchasing personal property and reselling or agreeing to resell such article to customers or merchants, their personal representatives or their assignees at prices agreed upon at or before the time of such purchase, whether such business is the principal or sole business so carried on, or is merely incidental to or in connection with a branch or department of some other business.

B. “Pawnshop” means any room, store or place in which pawnbroking is engaged in, carried on or conducted. (Ord. 18-15 § 2, 2018; prior code § 18-1)