Tag: Cash Collateralized Loans
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Day 48: Cash Collateralized Loans
#QuickBiteCompliance Day 48 What Are Cash Collateralized Loans? And Why Should We Care? Imagine you lend your friend $10, but they promise to pay you back by giving you their piggy bank as collateral. If they don’t repay you, you get to keep the piggy bank. That’s how cash collateralized loans work—except in the grown-up…