Browse:  A B C D E F G H I J K L M N O P Q R S T U V W Y Z
     
Enter a Legal Term

Search the Definitions

SELECT A WORD TO VIEW THE COMPLETE DEFINITION:
adjusted basis
n. in accounting, the original cost of an asset adjusted for costs of improvements, depreciation, damage and other events which may have affected its value during the period of ownership. This is important in calculating capital gains for income tax purposes since the adjusted basis is generally hig...
rational basis
n. a test of constitutionality of a statute, asking whether the law has a reasonable connection to achieving a legitimate and constitutional objective.



The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications