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Lombard is a type of credit institution, and its main activity is providing money against collateral. Customers can pledge their valuable items and obtain a short-term loan. These companies usually accept items such as gold, jewelry, and electronics. If the debt is not repaid on time, Lombard acquires the right to sell those items. Lombard’s services are typically intended for people with small and urgent financial needs. For individuals who require liquidity, this is an alternative source of financing.
