Arguably, the typical cost-plus contract shifts the benefits and burdens of ownership to the purchasing taxpayer who has the opportunity for gain and the risk of loss
. Nevertheless, the dearth of reported cases suggests that the IRS has not disturbed the form of such contracts or characterized the manufacturer as merely the purchaser's agent.
More specifically, it is intended to cover the risk of loss
of income resulting from loss of employment or incapacity for work by mortgage borrowers.
A liability is recourse to the extent that a partner or a related person bears the economic risk of loss
for that liability under Regs.
Permitting an employer to limit his losses, while requiring him to retain the risk of loss
, seems inconsistent as a policy matter.
Recruitment by the university of girona, as a policyholder, of the coverage of risks with the insurance entity or entities with any of the legal forms provided for in article 7 of the revised text of the law on the organization and supervision of private insurance , through the insurance policy that guarantees the entire risk of loss
or damage to the heritage of the university of girona (cpa 2008 65.12.49 / cpv 66515000-3), in accordance with the technical specifications attached to the administrative terms and conditions particular.
A partner's share of recourse liability equals the portion of that liability, if any, for which the partner bears the economic risk of loss
A lot of finite reinsurance was set up to be around whatever the definition was, based on the actuarial losses and the risk of loss
," he said.
Since then, the church bore the risk of loss
, had the right to immediate possession, could sue third parties for nuisance or trespass, could erect improvements on the land and--with the couple's consent--could mortgage the property.
The interagency statement calls for banks selling such products on their premises to intensify their disclosure efforts to advise retail customers that the investments are not deposits insured by the FDIC, are not guaranteed by the bank, and are subject to the risk of loss
Contract notice: Provision of insurance service to guarantee the full risk of loss
or damage to property of the university of girona.
1.704-2(b) (4) defines the term "partner nonrecourse debt" as "any partnership liability to the extent the liability is nonrecourse for purposes of [section] 1.1001-2, and a partner or related person (within the meaning of [section] 1.752-4(b)) bears the economic risk of loss
under [section] 1.752-2 because, for example, the partner or related person is the creditor or a guarantor." A key issue is how deductions should be allocated that are funded by a general obligation of a limited liability company (LLC) if the obligation is guaranteed by or borrowed from a member and is recourse debt under Sec.
Reinsurance: Insurance that an insurer buys to spread some of its risk of loss
on the policies it has underwritten.