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A haircut is the lower-than-market-value placed on an asset when it is being used as collateral for a loan. Suppose there is a financial crisis.
- A haircut is the lower-than-market-value placed on an asset when it is being used as collateral for a loan. Suppose there is a financial crisis. What happens to the haircuts on collateral during a financial crisis? How does this affect the value of assets?
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
