Examlex
Which Asian American group had the largest population in the United States in the first half of the 20th century and why?
Recourse Liabilities
Debts for which the borrower is personally liable, meaning creditors can pursue the borrower's other assets if the collateral does not cover the debt.
Nonrecourse Liabilities
Nonrecourse liabilities are obligations where the lender's recovery options in case of default are limited to the collateral securing the loan, not the borrower's other assets.
At-risk Amount
The maximum amount of money an individual could lose in an investment, which has implications for tax deductions on certain types of losses.
At-risk Amount
The amount of money an investor could lose in an investment, emphasizing the capital actually at risk.
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