Boot

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Boot

Money or an asset added to a trade in order to make it reflect the fair market value of the assets being traded. A common example of a boot is a trade between a new car and an old car. The person trading the old car will usually add money or another asset to the deal in order to make it "even." The boot is often taxable even in an otherwise tax-free transaction.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

boot

(1) Money or other property that is not like-kind and is given to make up the difference in value between two properties exchanged in a like-kind exchange under Section 1031 of the Internal Revenue Code.If a gain would otherwise be recognized on the transaction,except for the intervention of the 1031 vehicle,then gain must be recognized and taxes paid to the extent of the value of the boot. (2) Especially in Texas, it is common among property developers to require some type of boot to show that more than money is involved in their business transactions.

Example: A seller might agree to sell prime property for $12,000,000, but only if the buyer throws in a particularly handsome bronze statue sitting on his desk.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

Boot

Cash or property of a type not included in the definition of qualifying property for purposes of structuring a nontaxable exchange. The receipt of boot will cause an otherwise tax-free transfer to become taxable to the extent of the lesser of the fair market value of the boot or the realized gain on the transfer. Examples of nontaxable exchanges that could be partially or completely taxable due to the receipt of boot include transfers to controlled corporations and like-kind exchanges.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
During the boot time of AP3, the new terminal associates with no APs according to the access method in [5], until AP3 finishes the preparation, so the data rate remains 0 during the experiment.
Quite a lot of us already use SSDs to run our operating systems, which leads to faster boot times and quick access to your desktop once you've fired up your system.
However, the combination of virtualizing XenApp, upgrading to Windows Server 2008 and shared storage introduces performance issues with provisioning, boot time and application response time for IO bound applications.”
<p>With Moblin 2, the platform will feature "Fast Boot," with a goal of reducing boot time to two seconds.
Each machine was analyzed for crashes, blue screens, boot time and background processes.
If you're still using a mechanical hard drive, your boot time will probably go from around 30 seconds to 15-20 seconds.
And since you're cleaning, here's one more tip: You can dramatically speed your PC's boot time by removing any unneeded startup apps.
At boot time, the bootkit fetches malware over the web using an untraceable wireless link if possible (via a hacker parked outside), or HTTPS over the local network.