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.
Usage: Both foment and ferment can be used to talk about stirring up trouble: he was accused of fomenting/fermenting unrest. Only ferment can be used intransitively or as a noun: his anger continued to ferment (not foment); rural areas were unaffected by the ferment in the cities.