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Use the following case from question
A shoplifter and a security guard are playing a simultaneous game.If the shoplifter steals and the security guard is vigilant,the shoplifter gets caught she suffers a loss of 20,and the security guard gets a bonus worth 15.If the shoplifter steals and the security guard is not vigilant,she does not get caught and gains 15 and the guard loses 5.If the shoplifter does not steal and the guard is vigilant,the guard loses 3 for the effort,while the shoplifter gains nothing and if the shoplifter does not steal and the guard is not vigilant,neither gain anything
-If the security guard is somehow certain that the shoplifter would not steal,his best response would be
Rental Offset
A financial mechanism where rental income is used to offset or reduce mortgage payments, expenses, or other financial obligations related to the rental property.
Passive
Referring to income generated from activities in which the individual is not actively involved, often subject to different tax rules.
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.
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