Lombard
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Lombard is a financial company and primarily provides loans secured by collateral. Customers pledge their valuable items, such as jewelry or watches, as collateral and receive money in return. In the event that the loan is not repaid, the company may sell those items. Lombard often offers additional banking services as well. In Azerbaijan, Lombards are common for small and medium-sized loans. Their activities are regulated by certain laws set by the government.
