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.
contention-a point asserted as part of an argument. assertion, asseveration, averment-a declaration that is made emphatically (as if no supporting evidence were necessary). submission - (law) a contention presented by a lawyer to a judge or jury as part of the case he is arguing.