- step-down in basis
- A reduction in the income tax basis of property.See also step-up in basis
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
step-up in basis — USA stepped up basis, Also known as step up in basis. basis that is higher than the transferor s basis. For example, a buyer often receives a stepped up basis in assets acquired in a transaction structured as an asset acquisition and a transferee … Law dictionary
stepped-up basis — An increased basis (value that is used to determine taxable profit or loss when property is sold) given to inherited property that went up in value after the deceased person acquired it but before the new owner inherited it. The basis of the new… … Law dictionary
To put one's foot down — Foot Foot (f[oo^]t), n.; pl. {Feet} (f[=e]t). [OE. fot, foot, pl. fet, feet. AS. f[=o]t, pl. f[=e]t; akin to D. voet, OHG. fuoz, G. fuss, Icel. f[=o]tr, Sw. fot, Dan. fod, Goth. f[=o]tus, L. pes, Gr. poy s, Skr. p[=a]d, Icel. fet step, pace… … The Collaborative International Dictionary of English
London Bridge Is Falling Down — (Round 502) is a well known traditional nursery rhyme which is found in different versions all over the world. The main verse is::London Bridge Is falling down, :Falling down, Falling down. :London Bridge Is falling down,:My fair lady. The rhyme… … Wikipedia
china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material … Universalium
China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast … Universalium
international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… … Universalium
United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… … Universalium
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… … Universalium