What BASIS OF STOCK means: If purchased, the amount paid for the stock. If the stock is received as a gift, basis is generally the basis of the previous owner or the fair market value when received. The basis of inherited stock is usually its fair market value on the date of the decedent's death.
- Definition Bond:
- Dictionary corporation or governmental unit to repay, on a specified date, money loaned to it by the bondholder. The holder receives interest for the life of the bond. If a bond is backed by collateral, it is basis of stock.
- Definition Bearer Bond:
- Dictionary A bond that has no owner's name registered on the books of the issuing company and is therefore payable to the holder basis of stock.
- Definition Bequest:
- Dictionary A gift by will of personal property basis of stock.
- Definition Bankruptcy:
- Dictionary For tax purposes, a formal petition filed in a Bankruptcy Court under Chapter 7, 11, 12, or 13 of Title 11 of the U.S. Code basis of stock.
How works Basis of Stock meaning in Tah definition B .