Examlex
Thinking without the logical rules of conscious thought is known as
Full Recourse Debt
Refers to a type of loan where the borrower is fully responsible for the debt if the collateral does not cover the loan amount during default.
Partnership Interests
Ownership shares in a partnership that represent a partner's stake in the entity and its operations.
At-risk Amount
The maximum amount of money an investor could lose in an investment, often used in the context of limiting losses in tax sheltered investments.
Passive Activity
Economic activities in which the taxpayer does not materially participate, often associated with rental properties or certain business investments.
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