Finance: What are lenders?

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Transcript

00:22

corporations and take their spread then you have savings and loans well they're

00:27

smaller more intimate local cousins of the banks and they focus on local loans

00:32

like your local flower shop needs 25 grand in credit but lenders also sell a [flowers in a store]

00:37

special kind of loan a mortgage for when you want to buy a home and the interest

00:42

on mortgages is distinctively tax-deductible your big brother can also

00:46

be a lender that hundred bucks he loaned you yeah is not like the hundred that [sister approaches big brother]

00:51

grandmama quote loaned you unquote ie Big Brother's long does not just get

00:56

naturally forgotten his alone carries interest in newgy penalties when it's [fist appears as sister smiles]

01:01

not paid back to lenders it's people who loan money lending loaning got in there

01:06

kind of related [sister being nuggied]