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sever
(redirected from severable)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
sever

To separate, as when the mineral interests are severed from the surface rights in real property.



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451, the IRS differentiates contracts that require performance of severable services from contracts that do not have severable services.
For tax purposes, a covenant not to compete is recognized when it is severable from goodwill, the agreement is separately bargained for, and the covenant can be shown to have economic substance.
The fastening elements are severable from the continuous web in the transverse direction as longitudinal sections and the continuous web with the folded, Z-shaped configuration wound to form the roll.
 
 
 
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