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.
To avert is to turn away or to prevent. You might avert your gaze or avert a disaster â either way, you are avoiding something. Averting has that sense of deflecting, turning away, or preventing something (usually bad) from happening.