Examlex
Identify and state the historical significance of the following:
-Compromise of 1877
Tax Benefit
A reduction in tax liability achieved through claiming allowable deductions such as expenses, exemptions, and credits.
Financial Distress
A situation where a company is unable to meet its financial obligations, which can lead to bankruptcy if not addressed.
Homemade Leverage
A strategy where investors adjust the leverage in their own investment portfolio, rather than relying on the leverage employed by the companies in which they own shares.
Business Risk
The exposure a company has to factors that may lower its profits or lead to its failure.
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