You bring in an item of value you own and pass to the pawnbroker as collateral to pawn
A Pawnbroker then pledges money against that collateral.
Once you redeem and pay the redemption fee your collateral is passed back to you.
If you don't redeem (collect) the pawnbroker has a legal right to sell the collateral to recoup his money and redemption fee, if there is a surplus this is returned to you. However, Premier will work with its clients in getting the collateral back to them