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.
recondite - difficult to penetrate; incomprehensible to one of ordinary understanding or knowledge; the professor's lectures were so abstruse that students tended to avoid them; a deep metaphysical theory; some recondite problem in historiography. abstruse, deep.