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.
Negative Averment. negative averment n. : a negative statement or allegation (as in a pleading) that constitutes a statement of fact and that must be proved by the party making it [a negative averment alleging that the plaintiff did not have the capacity to sue] Subscribe to Term of the Day.