ESGG

An Intermediary between depositors and lenders.

• bank

• Depositors

• lenders

people who borrow money from the bank

• lenders

• depositors

money put INTO the bank

• deposit

• loan

bank gives you money, you agree to pay it back later for the use of money

• loan

• deposit

anything you own is worth money

• asset

• liquid asset

something you can turn into money instantly and easily (checking account, savings account, jar of change)

• asset

• liquid asset

an asset that you can not sell easily

• non-liquid asset

• liquid asset

• asset

A piece of plastic tied to revolving, unsecured line of credit

• deposit

• credit card

• lenders

You have access to a set amount of money. As you pay down the loan, you can borrow more money

• Revolving credit

• credit

• credit card

there is no loan collateral

• credit card

• revolving credit

• unsecured credit

• credit