Examlex
If Expert Electronics cuts the prices for its computer system,how will competitors respond?
Partnership Interest
An ownership share in a partnership that entitles the holder to a portion of the entity's profits and losses.
FMV
Fair Market Value, the price at which property would sell on the open market between a willing buyer and a willing seller.
Partnership Basis
The amount invested in a partnership by the partners, adjusted for additions, withdrawals, and the individual's share of partnership profits or losses.
Partnership Basis
Refers to an individual partner's investment in a partnership, used for determining the tax implications of the partnership's operations on the individual.
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