So in this scenario what happens?

I borrow money.

Anyway, I think you get the idea.

This is a liability.

And you may already have an intuitive response

And what are my liabilities?

Until junior high, it was as if I lived at his house.

And that's a good question.

As to my old master, he has been paid five times over for all he ever spent for me.

I borrow books from the city library.

Do I owe you money?

How much do I owe you?

Trip is my host.

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

You still owe me May and June.

And that 20 is coming from the bank.

You owe me nothing. I also owe you nothing.

And it's of course going to be guaranteed by this asset.

We are going to rent a car by the hour.

I owe Danielle.

And what do I owe?

Because there's a situation where, let's say that I do this.

So I said it is trading right now at 100.

For the liability side of my balance sheet

And my wife and I right now, we live in Northern California.

I've still got that library book.

Let's say I say, bank, great.

No, no. I borrow this book...

So we have to borrow to make the 0 bigger.

She borrowed my scissors.

Oh, can we rent Dirty Dancing again?

I thought I didn't owe you that now.

You fast forward, now at the end of the month 2

What do we owe?

This is how much we offer a year, and then we would reborrow it.

Yes, I would.

So I need to borrow 750,000.

But what are my liabilities here?

How long may I keep this?

And what's our liabilities?

lender, that has maybe similar terms.

let me switch colors.

Can I rent rackets?

You borrow books.

You borrow a book.