That has nothing to do with it.

The orange slice is what's discretionary.

He was bound to pay his father's debt.

My liabilities are this, you can view that as debt because

But the problem with Santa Clause is, if you look at the mandatory spending of what these folks have been doing and promising folks, it turned out that in 1967, 38 percent was mandatory spending on what we call entitlements.

Payable to the City of San Francisco.

And why is it a liability?

It should be noted that the duty continues after a notice of allowance is mailed and the issue fee is paid.

So we still have the same amount of debt.

We have a legal obligation to pay our taxes.

Once you subtract that out, then you actually have your pre tax income, and if we assume that we have to pay taxes, this is how much we pay in taxes, and this is actually the net income that goes to the owners of the company.

Because some of them have paid, and some of them are still paying.

I paid 3 dollars for the book.

Payment

Pay up

You have no loan left over.

And then in year 10, I'm going to pay the 100,000 and I'm also going to pay back the 1 million.

Well, we've all heard about what they are, I think, and we all know they're used quite a bit by people and companies who are trying to avoid paying their proper dues to society, also known as taxes.

We think that it's our duty to pay taxes.

I can't afford 40 for one book!

Processing Payment

Number of periods

And the payments?

Duty?

It is the obligation of every worker to pay taxes.

We thought we had a 4 billion asset.

Or they might say OK, you pay the interest for five years, and at the end of the five years you also have to pay the principal amount.

So it's a little bit more complicated than just saying, oh, look at that, they're giving a 6 coupon, which essentially means twice a year they're going to give me 3 of the value of my bond.

That will now compound over the next month.

And then year 10, I pay the 100,000 plus I pay back the 1 million.

So what they do is out of this 10 , they pay them some of the basis points.

So actually, let me do that.

What happened was, they paid each other a virtual currency they called dragon kill points.

What's this, dear?

He pays good.

Does it have to be the full amount?

I pay you to act.

That's right, all of it.

I won't pay 40 dollars for just one book.

We got our first bill, and, you know, if you're still insistent...

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

You're going to pay it over 30 years, or you could say that's 360 months.

If someone doesn't pay the debt, then the insurance company will pay it for you.

I have to.

I'll pay with travelers' checks.