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

https://www.bookmarkzoo.win/when-a-client-pays-late-a-freelancer-may-need-cash-before-the-next-gig-starts

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.