Examlex
Shari exchanges an office building in New Orleans (adjusted basis of $700,000) for an apartment building in Baton
Rouge (fair market value of $900,000).In addition, she receives $100,000 of cash.Shari's recognized gain is
$100,000 and her basis for the apartment building is $800,000 ($700,000 adjusted basis + $100,000 recognized gain).
Projective Test
A type of psychological test designed to let a person respond to ambiguous stimuli, revealing hidden emotions and internal conflicts.
Rotter Incomplete Sentence Blank
A projective psychological test designed to assess personality through an individual's completion of unfinished sentences.
NEO Personality Inventory-3
is a psychological personality assessment instrument which measures five major domains of personality: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.
Third Party Observer
An independent individual who monitors and reports on the behavior or events without being directly involved.
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