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.
Definition of averse. : having an active feeling of repugnance, dislike, or distaste âusually used with to She was not averse to taking chances. He seems to be averse to strenuous exercise. âcommonly used in compounds both with and without a hyphen a conservative risk-averse investor a crowd averse teen.