Lombard
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Lombard is a company that lends money based on collateral or a pledge. Lombards located in most cities accept gold, jewelry, and valuable items as collateral from people. By leaving an item at the Lombard, a customer receives a certain amount of money and can reclaim their item if they repay the loan on time. If the debt is not repaid on time, the item is sold by the Lombard. This service is widespread both in Azerbaijan and around the world. Lombard is mainly used to meet short-term financial needs.
