§ 22-101. Definitions.

The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

Business registration means the process by which a business or a practitioner of a profession or occupation gives evidence of compliance with the requirements of chapter 86, Taxation.

Dealer means:

(1)

Any person engaged in the business of purchasing precious metals or gems or goods made from precious metals or gems from persons or sources other than manufacturers, manufacturers' representatives, or other dealers in precious metals or gems; or

(2)

A person engaged in any other business if, in conjunction with such business, precious metals or gems or goods made from precious metals or gems are purchased from persons or sources other than manufacturers, manufacturers' representatives, or other dealers in precious metals or gems.

Gems means any precious or semiprecious stone which is cut and polished.

Numismatic coins means coins whose value as collectors' items exceeds the value of the content of the precious metals in the coins.

Pawnbroker means any person engaged, in whole or in part, in the business of lending money on the security of pledged goods, or engaged in the business of purchasing tangible personal property on condition that it may be redeemed or repurchased by the seller for a fixed price within a fixed period of time.

Person means an individual, partnership, corporation, joint venture, trust, association, or any other legal entity however organized.

Precious metals means gold, silver, or platinum or any alloy containing gold, silver, or platinum.

Pledged goods means tangible, personal property other than choses in action, securities or printed evidences of indebtedness, which property is purchased by, deposited with, or otherwise actually delivered into the possession of a pawnbroker in the course of his business.

(Ord. of 6-10-2013)

Cross reference

Definitions generally, § 1-2.