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Non-Cattle Specific Topics
Every Thing Else Board
How mush cash?
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<blockquote data-quote="TexasBred" data-source="post: 1249437" data-attributes="member: 6897"><p>Many banks will only accept CD's issued by them. They are allowed to cash them in to pay off the debt if necessary. Right of offset I believe it use to be called. It really doesn't make any sense to do it these days as CD's are paying almost nothing to begin with so you're not losing anything to cash it in. I personally wouldn't hold any security for collateral that is publicly traded.Just too volatile.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 1249437, member: 6897"] Many banks will only accept CD's issued by them. They are allowed to cash them in to pay off the debt if necessary. Right of offset I believe it use to be called. It really doesn't make any sense to do it these days as CD's are paying almost nothing to begin with so you're not losing anything to cash it in. I personally wouldn't hold any security for collateral that is publicly traded.Just too volatile. [/QUOTE]
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