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.
(plural aversions) 1  Opposition or repugnance of mind; fixed dislike. Due to her aversion to the outdoors she complained throughout the entire camping trip. 2  An object of dislike or repugnance. Pushy salespeople are a major aversion of mine.