lender, that has maybe similar terms.

So I need to borrow 750,000.

So you have to save up 15,000.

And just to be clear, so the asset within this entity are the loans.

But in a normal credit environment, most companies can say, OK I'll borrow this 10 billion for three months at an annual rate of 7 .

I borrow money.

So we have to borrow to make the 0 bigger.

So all we did here, we said that 0 is less than 9.

Trip is my host.

So bonds are essentially you are borrowing from the public markets again.

And a short sale is essentially selling the house for less than you owe on the loan selling for less than what you owe and the bank doesn't have to well one, the bank would have to agree to the short sale because their loan is secured by this property that you're selling and in most cases the reason why you would want to do the short sale is that the bank may forgive the balance of the loan so you try to convince bank to forgive the balance

I'm going to write a check, but obviously I don't have the money in my bank account right now, otherwise I wouldn't even be going to the payday loan.

Can we rent a car?

You borrow books.

You borrow a book.

Anyway, I think you get the idea.

This right here is the debt, or essentially the principal payment on your mortgage, or how much do you owe to the bank.

I won't be able to subtract, so let me borrow again.

Yes, I would.

So if I want to make this 2 into something larger, why don't I take a 10 bill from here.

And all the bank has to do is kind of set this whole legal structure up and service the loans.

So let's say, this person goes to a bank.

What does it mean, derivative?

That becomes a 2.

May I borrow your knife?

Can I use your toilet, please?

May I borrow your car?

We'll talk later about amortization schedules and how can you pay down the debt.

Well, I could keep making loans until I have 3,000 gold pieces of demand deposits.

Now, this is the endgame.

I'll do it in brown.

I'm borrowing the copying machine.

I want 325,000 in cash.

So the way that works is let's say that I need to buy my wife a nice gift for her birthday that's tomorrow and I want to borrow 500.

Let's go through those.

I've still got that library book.

This is the first time that I can remember, where if you get a letter from the bank manager about a loan, you don't know if you're borrowing money from him, or if he's borrowing money from you.

May I borrow your dictionary?

Can I use your telephone?

Can I borrow your Ford for tomorrow?

Might I use your phone?

All of these are valid ways of doing it.

So this is one month notes.

And that's a good question.

Don't borrow more money than you can help.