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In a like kind exchange of property (Internal Revenue Code Sec. 1031), this refers any property or money value which does not quality. Selling a property for $150,000 resulting in a $50,000 gain in exchange for another property purchased for $130,000 results in $20,000 of boot or taxable gain. … [Read more...] about BOOT

Slavery, involuntary personal servitude; captivity. In old English law, villenage, villein tenure. 2 Bl. Comm. 92. … [Read more...] about BONDAGE

Common stock that is offered as an incentive to purchase a stock or bond offering, usually in conjunction with preferred stock. … [Read more...] about BONUS STOCK

An old Saxon word, equivalent to "estovers." … [Read more...] about BOOT, OR BOTE

Secured, covered to ensure that payments will be made or a guarantee of fulfillment. … [Read more...] about BONDED