Explain the difference between a recourse debt and a nonrecourse debt.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 05:29 AM

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Explain the difference between a recourse debt and a nonrecourse debt.

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A recourse debt is a loan for which the borrower remains liable unt...View the full answer

Concepts In Federal Taxation

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