So liabilities. Liabilities.

Let's say assets and I'll talk about margin requirements

What are my liabilities?

And then we have the debt, the debt of the company, or the

Let's think about its liabilities.

I owe the bank 750,000.

Minus 1.075 that was the max that I could borrow

This is 120,000 in equity, market value of equity, he has another 105,000 in liabilites.

We need better accounting.

This was equity.

Most times the liabilities are pretty easy to get a handle on.

liabilities as well.

It had 5 million of debt.

That assets, A for assets, is equal to

Or the other way to view it is, assets minus liabilities is equal to equity, right?

These are my assets.

Everything on the right hand side is equity, so this is all equity.

I still owe 750,000 to bank.

So my liabilities I owe the bank 750,000.

An even bigger picture, if I now look at my balance sheet, what are my liabilities now?

I think I had called it Loan C.

I had 100 of cash, no accounts receiveables,

So the only liability is this 5,000.

Let me just make everything clear.

These are the assets that our five buddies have together.

So over here you had another liability.

So in this case, our assets are 250,000.

My assets are 250,000.

So this is just another visual representation that

So given that 2 on 100,000 debt.

Gobble, gobble, gobble, gobble, gobble.

And just so you don't get confused, there's always a

I owe nothing to anyone.

To pay off his debt,

Because essentially, or you can view it this way, if you subtract liabilities from both sides, assets minus

So a security in the equity world is a stock.

So going back to our balance sheet, we had a 10 million asset, we had 5 million of debt.

It should start to make a little bit of intuitive sense

So right now, the short seller, he has assets and

I now have cash of 1 million. What are my liabilities?

YoOOuse shell corporations to hide your debt.

And forgive us our debts, as we forgive our debtors.

And forgive us our trespasses, as we forgive those who trespass against us.

And forgive us our trespasses, as we forgive them that trespass against us.

So once again, if this is a balance sheet, this is the assets, here are your liabilities.