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A restraint on alienation is in direct conflict with certain social policies and might be invalid depending on the extent of the restriction.
10 A life estate pur autre vie is a future interest.
Foreign Subsidiary
A company located in another country that is directly controlled by another corporation.
Currency Exchange Rates
The value of one currency expressed in terms of another currency, used in global trade and finance to convert currencies for transactions.
Temporal Method
An accounting method used in translating foreign currency transactions and financial statements of foreign subsidiaries, using the exchange rates at the time the transactions occurred.
Remeasured Value
The adjusted value of an asset or liability based on changes in market conditions or currency exchange rates.
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