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 upend. transitive verb. 1 : to set or stand on end; also : overturn 1. 2a : to affect to the point of being upset or flurried a â¦ literary shocker, designed to upend the credulous matrons â Wolcott Gibbsb : defeat, beat.