Lenders protected themselves by demanding a "haircut" - collateral in cash or securities that exceeded the loan amount by a specified percentage.

贷款机构为了自身安全，会要求一个超出贷款金额一定百分比的“折幅”，质押现金或证券。

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Lenders protected themselves by demanding a "haircut" - collateral in cash or securities that exceeded the loan amount by a specified percentage.

贷款机构为了自身安全，会要求一个超出贷款金额一定百分比的“折幅”，质押现金或证券。

youdao