Gerd Altmann/Pixabay.com (CC0-PD) In finance, the term "collar" usually refers to a risk management strategy called a protective collar involving options contracts, and not a part of your shirt.
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Now that it has become socially acceptable to wear slippers outdoors — to the grocery store, to school, out to dinner — the market is flooded with all manner of furry, fuzzy, and cozy options.