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That's weird. I've heard of requirements that business need to have a certain amount in cash reserves, just to guarantee that they can pay severance packages an
by gjulianm 4y ago
That's weird. I've heard of requirements that business need to have a certain amount in cash reserves, just to guarantee that they can pay severance packages and other guarantees, to stop the owners from declaring bankruptcy too late. But asking for that and then letting them remove it from the account is just weird.
- bl0rg 4y agoMaybe it's a 6 month long test to prove that you can handle your finances without that bit of extra money? That said it sounds like a really stupid test.
- bfuller 4y agoWell yeah, its to see who has to dip into their money that is supposed to be locked in. If I was in the business of usury I wouldn't want to lend to people who couldn't keep the collateral locked up for 6 months.