So what it is actually doing? I didn't understood it from whitepaper. Can you give an example?
For example
If you rent an apartment and you do not want to provide your security deposit of 1000 EUR in the full amount right away, Bailsman does that for you and you return to Bailsman this sum during an agreed period using BAILS tokens (with 5% discount) or with fiat currency (no discount).
I see. Well, it is a good solution indeed!