§ 11-1. Definitions.

(a) Pawnbroker.

"Pawnbroker" means a person, corporation, member, or members of a corporation or firm:

(1) who loans money on deposits or pledge on personal property or other valuable thing, other than securities or printed evidences of indebtedness; or

(2) who deals in the purchasing of personal property or other valuable things on condition of selling the same back at a stipulated price.

(b) Transaction.

"Transaction" means:

(1) a loan of money by a dealer on deposit or pledge of personal property or other valuable thing, other than securities or printed evidences of indebtedness; or

(2) a purchase by a dealer of personal property or other valuable thing with or without the condition of selling the same back at a stipulated price.