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.
noun. 1  a. A fixed, intense dislike; repugnance: formed an aversion to crowds. 2  The avoidance of a thing, situation, or behavior because it has been associated with an unpleasant or painful stimulus. 3  The act or fact of averting: the aversion of a disaster.