noun
- a person who receives money by giving something valuable as security for a loan
Usage: legal; finance
Examples
- The pawnee must repay the loan within 30 days to reclaim the jewelry.
- As the pawnee, she had the right to redeem her watch at any time.
- The contract clearly stated the pawnee’s obligations and rights.
- If the pawnee defaults, the pawnbroker may sell the collateral.
- The pawnee received $200 in exchange for leaving his guitar as security.
- Legal documents must identify both the pawnor and the pawnee.