beneficiaryâs share of inside basis in partnership assets and his outside basis in the partnership interest. An optional basis adjustment can increase the partnershipâs basis in property transferred upon a partnerâs death to its estate tax value. The Economic Growth
â¢ AVERMENT (noun). The noun AVERMENT has 1 sense: 1. a declaration that is made emphatically (as if no supporting evidence were necessary). Familiarity information: AVERMENT used as a noun is very rare.
impediment. n pl-ments or-menta (-ËmÉntÉ). 1. a hindrance or obstruction. 2. a physical defect, esp one of speech, such as a stammer. 3. (Law) law an obstruction to the making of a contract, esp a contract of marriage by reason of closeness of blood or affinity.