Examlex
As a result of a redemption, a shareholder's interest (direct and indirect) in the corporation decreased from 80% to
55%. The redemption qualifies for sale or exchange treatment as a disproportionate redemption.
North America
A continent located in the Northern Hemisphere, mostly in the Western Hemisphere, including countries such as the United States, Canada, and Mexico.
Financially Independent
The status of having enough personal wealth to live, without having to work actively for basic necessities.
Adulthood
The period in human development after adolescence, marked by full physical development, legal responsibilities, and social independence.
Endurance
The capacity to sustain a physical or mental effort for an extended period, often critical in sports, academics, and personal challenges.
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