Terms Used In Utah Code 13-32a-110.5

• Catalytic converter: means the same as that term is defined in Section 76-6-1402. See Utah Code 13-32a-102
• Catalytic converter purchase: means a purchase from an individual of a used catalytic converter that is no longer affixed to a vehicle. See Utah Code 13-32a-102
• Pawn or secondhand business: means a business operated by a pawnbroker or secondhand merchandise dealer, or the owner or operator of the business. See Utah Code 13-32a-102
• Pawn transaction: means :
       (27)(a) an extension of credit in which an individual delivers property to a pawnbroker for an advance of money and retains the right to redeem the property for the redemption price within a fixed period of time;
       (27)(b) a loan of money on one or more deposits of personal property;
       (27)(c) the purchase, exchange, or possession of personal property on condition of selling the same property back again to the pledgor or depositor; or
       (27)(d) a loan or advance of money on personal property by the pawnbroker taking chattel mortgage security on the personal property, taking or receiving the personal property into the pawnbroker's possession, and selling the unredeemed pledges. See Utah Code 13-32a-102
• Secondhand merchandise transaction: means the purchase or exchange of used or secondhand property. See Utah Code 13-32a-102