LIMITED LIABILITY is one that does not go beyond the owners investment in the business.
PARALLEL PROCESSING is the simultaneous performance of multiple operations, usually in reference to computer systems.
IMPAIRED ASSETS, in banking, applies to all problem assets which banks hold, and is not limited to problem loans. In addition to loans, it also captures off- balance sheet exposures and assets which have come onto banks balance sheets through enforcement of security conditions. See IMPAIRMENT OF VALUE.
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