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be redeemed or repurchased by the seller for a fixed price within a fixed period of time. PAWNSHOP: "Pawnshop" means the location at which or premises in which a pawnbroker regularly conducts business. PAWN TRANSACTION: ~Pawn transaction" means any loan on the security of pledged goods or any purchase of pledged goods on the condition that the pledged goods are left with the pawnbroker may be redeemed or repurchased by the seller for a fixed price within a fixed period of time. PERSON: "Person" means an individual, partnership, corporation, limited liability company, joint venture, trust, association, or any other legal entity, however organized. PLEDGED GOODS: ~'Pledged goods" means tangible personal property, securities, bank drafts, or printed evidence of indebtedness, that are purchased by, deposited with, or otherwise actually delivered into the possession of a pawnbroker in connection with a pawn transaction. LICENSEE: The person to whom a license is issued under this chapter including any agents or employees of the person. MINOR: Any natural person under the age of 18 years. 724.02 - LICENSE REQUIRED No person may engage in business as a pawnbroker or otherwise portray the person as a pawnbroker unless a person first obtains a license from the City as provided in this Section. Any pawn transaction made without benefit of a license is void. 724.04 - LICENSE APPLICATION !. General - Applications for pawnbrokers' licenses to be issued under this Section shall contain information as required on forms prescribed by the City. 2. Nature of Application - The application shall state whether the applicant is a natural person, corporation, partnership or other form of organization. 3. Natural Person - If applicant is a natural person, the following shall be furnished: