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A putting off or postponing of business or of a session until another time or place; the act of a court, legislative body, public meeting, or officer, by which the session or assembly is dissolved, either temporarily or finally, and the business in hand dismissed from consideration, either definitely or for an interval. If the adjournment is final, it is said to be sine die. In … [Read more...] about ADJOURNMENT

A tax term referring to the new basis in an asset that an owner has after being adjusted from its original tax basis. The basis is used for tax purposes to determine gain and loss. If property is bought for $X, that is the original tax basis but it can be adjusted upwards if the owner makes capital improvements for $Y. Upon sale, the proceeds less the adjusted basis ($X + $Y) … [Read more...] about ADJUSTED BASIS

In the civil law. To apply; to employ; to exercise; to use. Adhi bere diligentiam, to use care. Adhihere vim, to employ force. … [Read more...] about ADHIBERE

In English practice, is a day so called from its being a further day appointed by the judges at the regular sittings, to try causes at nisi prius. … [Read more...] about ADJOURNMENT-DAY

A tax term referring to gross taxable income (e.g. wages and capital gains) minus allowable deductions (alimony, unreimbursed work expenses) which results in the AGI, the adjusted amount of income used to determine tax liability. … [Read more...] about ADJUSTED GROSS INCOME (AGI)