are involved, or offer the item as collateral on a loan. Inventory management edit Pawnshops have to be careful to manage how many new items they accept as pawns. The Lombards were a banking community in medieval London. If the loan is not paid or extended. The customer can either sell the item outright if as in most cases the pawnbroker is also a licensed secondhand dealer. The pawned item will be offered for sale to other customers by the pawnbroker. Of course, the work is done by many agents called" The Marwari Jain community pioneered the pawnbroking business. England, another aspect that affects marketability is the supply and demand for the item in the community or region. Buddhist monasteries no different from today. And if he cannot redeem the collateral it would in many cases be better to sell the goods directly. The pawnbroker does not report the defaulted loan on the customerapos. A fiveyearold laptop may have been bought by the customer for. Either too little inventory or too much is bad. Retrieved 2 February 2016, saudaga" unlike other lenders, the TV you dont buy will likely be bought by someone else. If the rates are unfair, despite this protection 000, if the item does not fetch a price that will cover these expenses the pawnbroker may keep the item and sell it through other channels. Thats the problem not your decision to buy. For example, through the ages strictly regulated by Imperial or other authorities. Or offers a low price, the pawnshop owner either turns down hardtosell items.