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СКАЧАТЬ same effect upon the value of both of the items considered, this effect being to leave a margin of the property previously covered by the securities uncovered and available as collateral on which to float a new extension of credit, in the form of mortgage loan or interest-bearing security. In the common run of business procedure this available margin, between the current (higher) capitalized value of the property (collateral) and the current (lower) capitalized value of the securities resting upon it is promptly covered by a fresh credit extension