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7-19 Managerial monitoring efficiency and credit risk management strategies affect the shape of the risk of the loan return distribution.
Limited Liability
A legal structure that limits the financial responsibility of an organization's owners or shareholders to the amount they have invested in the company.
Aggregate Theory
A theory in partnership law that holds that a partnership is actually a conglomeration of the partners rather than a separate legal person with its own legal identity.
Flesh and Blood
A phrase used to denote a living human being, often emphasizing common human nature or familial bonds.
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