The transfer of possessions (but not ownership) of chattels by a debtor to a creditor who is licensed to take and hold goods as security for payment of debts is known as

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A pawn involves the transfer of possession of personal property or chattels by a debtor to a creditor (or pawnbroker) as security for a loan, where the creditor has the right to sell the property if the loan is not repaid. This is distinct from a pledge, which also involves using personal property as security, but doesn't necessarily involve a licensed creditor or the specific context of pawnbroking. Bailment involves the transfer of possession but not ownership of property under different circumstances, not specifically as security for a loan. Carriage of goods refers to the transportation of goods and is unrelated to the security for payment of debts.

The Transfer of Possessions (But Not Ownership) of Chattels by a Debtor