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In 1996, the Defense of Marriage Act was enacted after passing both houses of Congress and being signed into law by President Bill Clinton. The Defense of Marriage Act defines marriage as a union between a man and a woman and bans recognition of same-sex marriages. The decision of the Supreme Court to take a case that challenged the constitutionality of the Act is a reflection of which power?
Non-Cancelable
A contract or policy clause that safeguards against cancellation before a specified date, ensuring a degree of stability or guarantee.
Service Life
The estimated period during which an asset is expected to be usable for its intended purpose, affecting depreciation calculations.
Fair Value
An estimate of a security's worth on a given market based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.
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