CUPOS is an acronym for “cohabiting unmarried person of the opposite sex.” It specifically refers to individuals who live with someone of the opposite sex without being married to them. This term is similar to “POSSLQ,” which stands for “person of opposite sex sharing living quarters,” but CUPOS is more precise as it only encompasses unmarried individuals. The inclusion of married people in POSSLQ has led to some confusion.
CUPOS is an acronym that refers to “a cohabiting unmarried person of the opposite sex.” It is comparable to the term POSSLQ, which stands for “a person of the opposite sex sharing living quarters,” but CUPOS specifically excludes individuals who are married. For instance, if a man and a woman are living together without being married, they would be categorized as CUPOS. However, if they were married, they would not be classified as CUPOS but would still fall under the category of POSSLQ. These terms are frequently utilised by the Census Bureau to collect data on living arrangements and household demographics.
Cupos are a type of currency control system used in some Latin American countries to limit the amount of foreign currency that can be purchased or transferred out of the country.
Cupos typically involve a government-imposed limit on the amount of foreign currency that can be purchased or transferred out of the country. This limit is often set on a monthly or annual basis.
Cupos are used in several Latin American countries, including Argentina, Venezuela, and Brazil.
Cupos are often used as a way to control capital flight and protect the country’s foreign currency reserves.
It is unlikely that using cryptocurrency would allow you to circumvent Cupos, as these controls are typically enforced by the government and financial institutions.
If you exceed your Cupo limit, you may be subject to fines or other penalties.
If you have reached your Cupo limit, you may be able to transfer money out of the country by obtaining special permission from the government.
Cupos are typically implemented as a temporary measure and may be lifted or adjusted over time.
Cupos can make it more difficult for businesses to import or export goods, as they may be limited in the amount of foreign currency they can access.
Cupos are legal in the countries where they are implemented, but they may be subject to legal challenges or criticism from international organisations.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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