The Law Dictionary

STEPPED-UP BASIS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A tax term that determines profit and loss for a property that is sold. When a person inherits property that has increased in value over the cost of the property to the deceased, the new property owner's cost or tax basis is the market value of the property at the time of the death of the decedent. The stepped up basis is beneficial to the new owner since the profit on the sale … [Read more...]

STEALING

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

This term imports, ex vi termini, nearly the same as larceny; but in common parlance, it does not always import a felony; as, for example, you stole an acre of my land. 2. In slander cases, it seems that the term stealing takes its complexion from the subject-matter to which it is applied, and will be considered as intended of a felonious stealing, if a felony could have been … [Read more...]

STEP-SON

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The son of one's wife by a former husband, or of one's husband by a former wife. … [Read more...]

STEALTH

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Theft is so called by some ancient writers. "Stealth is the wrongful taking of goods without pretense of title." Finch, Law, b. 3, c. 17. … [Read more...]

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