Examlex
A partner's tax basis or at-risk amount can be increased by making capital contributions, by paying off partnership debt, or by increasing the profitability of the partnership.
Devil's Advocate
A role assumed in discussions or arguments to challenge ideas and assumptions by taking an opposing viewpoint, often to clarify or test the strength of the ideas.
Apple Polishing
Informal practice of attempting to gain favor by flattering or trying to please someone.
Groupthink
In a group environment, the need for consensus or conformity creates a psychological effect that results in poor or illogical decisions.
Outside Experts
Specialists or professionals from outside an organization who are hired to provide insight, advice, or services in their area of expertise.
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