# Ohio Admin. Code 1301:8-5-01: Rule 1301:8-5-01. Definitions

> Ohio · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_01

## Section

- **Citation:** Ohio Admin. Code 1301:8-5-01
- **Heading:** Rule 1301:8-5-01. Definitions
- **Jurisdiction:** Ohio
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Administrative Code / Agency 1301:8 / Chapter 1301:8-5 / Rule 1301:8-5-01

## Text

119.03 (A) As used in Chapter 4727. of the Revised Code, "liquid assets" means assets that are expected to be realized in cash, sold, or consumed during the next business year including: (1) Cash, including money in any form, such as cash on deposit, cash awaiting deposit, and cash funds available for use; (2) Cash equivalents, such as short-term investments that are readily convertible to known amounts of cash, or are so near their maturities that they present insignificant risk of changes in value because of changes in interest rates; (3) Receivables, including accounts receivable, notes receivable, and receivables from officers and employees; (4) Inventories, including merchandise held for sale by a licensee or merchandise acquired by an applicant that is to be held for sale upon licensure; (5) Prepaid expenses, including prepaid insurance, interest, rents, taxes, advertising, and operating supplies. Prepaid expenses, unlike other current assets, are not expected to be converted into cash. (B) As used in division (B) of section 4727.08 of the Revised Code, "each pawn or purchase" includes all items brought in by a person to be pledged or purchased at the same time or on the same date unless the person requests in writing that certain items are to be pledged or purchased separately and acknowledges in writing that they understand additional fees may be incurred as a result of the separate pledges or purchases. (C) As used in Chapter 4727. of the Revised Code and this chapter, "redeem" or "redemption" means payment in full of a pawn loan coupled with the return of the pledged property to the original pledgor or other person redeeming the pledge. (D) As used in section 4727.11 of the Revised Code and in connection with redemptions by persons other than the original pledgors, "verify" means that the redeemer's name recorded by the licensee on the licensee's copy of the pawn statement is the same as the name displayed on picture identification shown to the licensee by the redeemer
to the original pledgor or other person redeeming the pledge. (D) As used in section 4727.11 of the Revised Code and in connection with redemptions by persons other than the original pledgors, "verify" means that the redeemer's name recorded by the licensee on the licensee's copy of the pawn statement is the same as the name displayed on picture identification shown to the licensee by the redeemer. Picture identification, as used in this rule, means: (1) A driver's license; (2) Military identification; or (3) Other government-issued identification. (E) As used in this chapter, "pawn date" means the date the pledge was made. (F) As used in this chapter, "superintendent" means the superintendent of financial institutions or the deputy superintendent for consumer finance as provided in section 1181.21 of the Revised Code. Last updated March 21, 2024 at 8:39 AM Supplemental Information Authorized By: 4727.13 (A) Amplifies: 4727.03 , 4727.20 , 4727.11 , 4727.08 , 4727.06 3/21/2029 6/16/2005

## Nearby sections

- [Ohio Admin. Code 1301:8-5-01 Rule 1301:8-5-01. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_01.md)
- [Ohio Admin. Code 1301:8-5-02 Rule 1301:8-5-02. Advertising](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_02.md)
- [Ohio Admin. Code 1301:8-5-03 Rule 1301:8-5-03. Notifications](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_03.md)
- [Ohio Admin. Code 1301:8-5-04 Rule 1301:8-5-04. Obstruction of inspection; statement to pledgor; authorized fees](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_04.md)
- [Ohio Admin. Code 1301:8-5-05 Rule 1301:8-5-05. Unlicensed pawnbrokers](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_05.md)
- [Ohio Admin. Code 1301:8-5-06 Rule 1301:8-5-06. Purchases; list of property held for sale](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_06.md)
- [Ohio Admin. Code 1301:8-5-07 Rule 1301:8-5-07. Payments on a pawn loan](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_07.md)
- [Ohio Admin. Code 1301:8-5-08 Rule 1301:8-5-08. Continuing education](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_08.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_1301_8_5_01. Check the current official text before relying on it. Not legal advice.