Collateral

An old Native American man walked into a bank one morning and asked for a $500 loan.

The banker began filling out the paperwork.

“What do you plan to do with the money?” — he asked.

“I’m going to the city to sell the jewelry I made myself,” — replied the man.

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“And what do you have for collateral?”

“I don’t know what that means,” — the man said honestly.

The banker explained patiently: “Collateral is something valuable — something we can keep if you can’t repay the loan. Do you have a car?”

“Yes, an old truck from 1949.”

“That won’t work… Maybe some livestock?”

“I’ve got a horse.”

“How old is it?”

“Not sure. He’s lost all his teeth — can’t really tell anymore.”

Eventually, the banker sighed and approved the $500 loan anyway.

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A few weeks later, the old man returned.

He laid a thick bundle of cash on the counter, repaid the loan, and tucked the rest into his pocket.

“What will you do with the rest of the money?” — asked the banker.

“Keep it in my wigwam,” — said the man.

“You could make a deposit here,” — suggested the banker.

“What’s a deposit?”

“You give your money to the bank; we take care of it. When you need it, you can take it back.”

The old man paused, thought for a moment, and asked: “And what will the bank give me as collateral?” 😉

Wisdom doesn’t always wear a suit — sometimes it wears feathers and a smile.


Adapted from the story shared by Interesting Life via Facebook posting yesterday, Sunday 19 October 2025.

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