"Dealer"
means an individual who acquires commercially from the public
or trades commercially with the public in secondhand precious
metal objects or pawnbrokers. This definition also applies
to a retail Jeweler when the retail jeweler acquires commercially
from the public or trades commercially with the public in
secondhand precious metal objects.
"Employee"
means an individual who is employed by a dealer or pawnbroker
to buy, sell, or supervise directly the buying or selling
of secondhand precious metal objects.
"Pawnbroker"
means a person engaged in pawn transactions.
"Pawn
Transaction" means a loan of money by a dealer
on deposit or pledge of personal property or other valuable
thing except securities and printed evidences of indebtedness,
or a purchase by a dealer of personal property or other
valuable things on condition of selling the same back at
a stipulated price.
"Precious
Metal Object" - means a precious metal containing
gold, iridium, palladium, platinum or silver; a precious
or semiprecious stone, or a pearl , that is or appears to
be attached to or inlaid in a precious metal or alloy of
a precious metal; or an object that is composed of a precious
metal or precious metal alloy if at least 25% of the object's
weight is precious metal or the market value of the metal
in the object lies primarily in the precious metal component.
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