Help with economics please! What is debt & equity lending?

Unknown

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I need some help with economics (high-school level).
If anyone could answer these questions in simple language, i would very much appreciate it! I'm reading from the textbook and its really confusing me :(

What is debt & equity lending? It says foreign assets, but i'm still confused. I don't understand what debt lending or equity lending is :S
And for foreign liabilities, what is debt & equity borrowings??

And also, what does it mean when we use the term 'net,' because i don't understand these terms either:
Net foreign debt & net foreign equity

Thanks in advance!
 
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