When a client pays late, a freelance designer can use a Rolex as collateral to...

https://fair-wiki.win/index.php/What_Are_the_Downsides_of_Using_a_Rolex_as_Collateral%3F

When a client pays late, a freelance designer can use a Rolex as collateral to cover rent or production costs without selling it. A lender may offer a 30% structure, with the watch securing the loan while the next check catches up.