This refers to the tax basis of a person who receives a gift. The person receiving the gift takes the same basis or carries over the basis of the person who made the gift. … [Read more...] about CARRYOVER BASIS
C
CARVE
In old English law. A caru cate or plow land. … [Read more...] about CARVE
CARNALITER
In old criminal law. Carnally. Carnaliter cognovit, carnally knew. Technical words in indictments for rape, and held essential. 1 Hale, P. O. 637 639. … [Read more...] about CARNALITER
CART
A carriage for luggage or burden, with two wheels, as distinguished from a wagon, which has four wheels. The vehicle In which criminals are taken to execution. This word, in its ordinary and primary acceptation, signifies a carriage with two wheels; yet it has also a more extended signification, and may mean a carriage in general. Favers v. Glass, 22 Ala. 624, 58 Am. Dec. 272. … [Read more...] about CART
CARVE OUT
May refer to an exception or a clause that contains an exception. It may also refer to a series or class of employees who may receive different treatment. … [Read more...] about CARVE OUT