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 avert. 1  transitive verb. 2  1 : to turn away or aside (the eyes, one's gaze, etc.) in avoidance I found the sight so grotesque that I had to avert my eyes â¦ â John Gregory Dunne. 3  2 : to see coming and ward off : avoid avert disaster.