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"These entities have good collateral," he said.
Moreover, perceptions of what counts as good collateral have changed.
Even Greek banks were managing to borrow elsewhere against good collateral.
Banks can then offer this good collateral as security when they borrow.
First the European Central Bank and then the Federal Reserve intervened liberally, lending against good collateral.
Firms and homeowners can borrow cheaply with good collateral, but funds are less abundant when asset values are falling.
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Pulseless viable limbs [absent radial pulse because of complete transaction, intimal tear or compression (temporary compression or reversible spasm) of brachial artery, but hand viable because of good collaterals around elbow] were also included in the study.
I know many people who cannot stomach Tom Cruise, yet grudgingly had to admit he was pretty good in Collateral, Magnolia, Tropic Thunder and Rock of Ages.
A security interest on goods (called collateral) entitles the creditor to satisfy his outstanding claim from the charged good to the exclusion of the other creditors of the borrower.
Borro, launched out of London, lets people borrow cash and put up luxury watches, art and other fine goods as collateral.
Borro, an online "pawn shop" that lets people put up high-value goods as collateral against loans of up to $1 million, last month raised $112 million that it is also using to extend the financing it offers to customers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com