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Recruiter's Glossary
Industry
Examples:
Pawned Goods
•
Precious Metal Assay
•
Karat Testing
Pawn Brokerage Terms
Understanding these terms will help you better evaluate candidates and communicate with hiring managers
Layaway Terms
Documented Ownership
Principal Amount
Police Report Filing
Loan-to-Value Ratio
Resale Value
Appraisal Value
Serial Number Verification
Loan Extension
Electronic Record Keeping
Collateral Storage
Collateral
Interest Rate Schedule
Pawn Management Software
State Regulations
Holding Period
Pawn License
Redemption Period
Federal Regulations
Currency Transaction Report
Authentication Tools
Loan Default
Property Lien
Forfeiture
Refinancing Options
Buyback Option
Inventory Management
Retail Markup
Karat Testing
Storage Security
Compliance Requirements
Spot Price
Accrued Interest
Pawned Goods
Regulated Interest
Title Check
Memorandum of Sale
Precious Metal Assay
Insurance Valuation
Unredeemed Items
Pledge
Transaction Record
Merchandise Turnover
Customer Identification
Risk Assessment
Market Fluctuation
BSA Compliance
Stolen Goods Database
Pawn Ticket
Grace Period
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