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The words and phrases used in this chapter, unless the context otherwise indicates, shall have the following meanings:

A. “Clerk” means such city employee or agent as the city manager designates as licensing official under this chapter.

B. “Pawnbroker” means and includes every person who conducts the business of a pawnshop licensed under this chapter.

C. “Pawnshop” means and includes every place at which the business of taking or receiving by way of pledge, pawn or exchange, goods, wares or merchandise, or any kind of personal property whatever, for the repayment or security of any money loaned thereon, or the loaning of money on deposit of personal property.

D. “Dealer” means and includes every person who engages, in whole or in part, in the business of buying precious metals, precious and semi-precious stones or gems, jewelry and bullion.

E. “Transaction” means a pledge, or the purchase of, or consignment of, or the trade of any item of personal property by a pawnbroker or a dealer from a member of the general public.

F. “Loan period” means the period of time from the date the loan is made until the date the loan is paid off, the loan is in default, or the loan is refinanced and new loan documents are issued, including all grace or extension periods. (Ord. 4891 § 1, 1996; Ord. 2891 § 1, 1981; Ord. 2001 § 1, 1974; 1961 code § 5.37.010.)