Examlex
Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-"White man's burden"
Credit Limitations
Restrictions that cap the amount of credit that can be extended to a borrower by a lender.
Refundable Tax Credit
A tax credit that can reduce the taxpayer's liability to zero, with any remaining amount being paid out as a refund.
Nonrefundable Tax Credit
A tax credit that can reduce the amount of tax owed to zero, but cannot result in a tax refund.
Tax Credit
A tax benefit that directly reduces the amount of tax owed dollar for dollar.
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