boot

boot, n.

1. Tax. Supplemental money or property subject to tax in an otherwise tax-free exchange. [Cases: Internal Revenue 3679. C.J.S. Internal Revenue §§ 406–407.]

2. Corporations. In a corporate reorganization, anything received other than the stock or securities of a controlled corporation.

3. Commercial law. Cash or other consideration used to balance an otherwise unequal exchange.

4. Hist. ESTOVERS(1).

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词条贡献者

法律翻译舒婷，知名法学院保险学专业，专注翻译各类与保险与再保险诉讼有关的法律文件。