Assertion: partnership's partner | /r/CapableOf | bear economic risk of loss
Facets:
value: to the extent
type: OTHER
Source sentences:
text: A partnership debt is considered a "recourse" liability to the extent any partner bears the economic risk of loss if the debt comes due and the partnership is unable to satisfy the obligation.
text: A partnership liability is a nonrecourse liability if no partner or related person has an economic risk of loss for that liability.
text: A partner's share of a recourse liability, then, is the share for which that partner bears the economic risk of loss.
text: A partner bears the economic risk of loss to the extent the partner or a related person would be required to contribute to the partnership to satisfy the obligation, determined by way of a "constructive liquidation" analysis.
text: A partnership liability is a nonrecourse liability if no partner or related person has an economic risk of loss for that liability.