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.
In short, adverse tends to be used to describe effects, conditions, and results; while averse refers to feelings and inclinations. Origin and Etymology of adverse Middle English, borrowed from Anglo-French advers, borrowed from Latin adversus turned toward, facing, opposed, from past participle of advertere to turn toward, direct â more at 1 advert