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Taxes

Non-recourse debt

A non-recourse debt is a type of financing where the borrower is not personally liable for the repayment of the debt. This means that the lender can only use the pledged collateral to satisfy the debt, and cannot go after the borrower's other assets. This type of debt is commonly used in real estate financing, where the property acts as collateral for the loan. It is important to understand the implications of non-recourse debt before entering into any financial agreements.

Looking through

In the world of finance, we often come across complex terms that may seem daunting at first glance. One such term is "piercing the corporate veil", which refers to the act o...

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Statute of limitations

In the realm of finance, there exists a legal term known as a statute of limitations. This term refers to a set time period during which a particular legal action can be pur...

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Non-recourse debt

A non-recourse debt is a type of financing where the borrower is not personally liable for the repayment of the debt. This means that the lender can only use the pledged col...

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Imputed interest

One important concept in finance is implied interest. When a mortgage includes an interest rate that is deemed insufficient by tax law, the government will impute a higher r...

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