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For longer than 3,000 years, people are utilizing products — and, sometimes, work — as collateral for a loan that is financial. In reality, the term pawn apparently comes from the Latin pannum, or clothes, that was the essential form that is common of found in 15th-century European countries.

Today, many lenders won’t accept your outfit that is best as security on that loan, but other valuable assets could often be utilized to secure that loan. Continue Reading →