involuntary conversion


involuntary conversion
   American
   an aircraft crash
   You convert an operational aircraft to scrap.
   True as far as it goes, which is not far enough.

How not to say what you mean: A dictionary of euphemisms. . 2014.

Look at other dictionaries:

  • involuntary conversion — see conversion Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. involuntary conversion …   Law dictionary

  • Involuntary Conversion — A process where a taxpayer is involuntarily forced to dispose of property that has been stolen, condemned, destroyed or repossessed, and another piece of property or cash is received in lieu of the property. Involuntary conversion can result in a …   Investment dictionary

  • involuntary conversion — The loss or destruction of property through theft, casualty, or condemnation. Any gain realized on an involuntary conversion can, at the taxpayer s election, be considered nonrecognizable for Federal income tax purposes if the owner reinvests the …   Black's law dictionary

  • involuntary conversion — The loss or destruction of property through theft, casualty, or condemnation. Any gain realized on an involuntary conversion can, at the taxpayer s election, be considered nonrecognizable for Federal income tax purposes if the owner reinvests the …   Black's law dictionary

  • conversion — con·ver·sion /kən vər zhən/ n 1 a: the act of changing from one form or use to another b: the act of exchanging one kind of property for another; esp: the act of exchanging preferred stocks or bonds for shares of common stock of the same company… …   Law dictionary

  • conversion — An unauthorized assumption and exercise of the right of ownership over goods or personal chattels belonging to another, to the alteration of their condition or the exclusion of the owner s rights. Any unauthorized act which deprives an owner of… …   Black's law dictionary

  • conversion — An unauthorized assumption and exercise of the right of ownership over goods or personal chattels belonging to another, to the alteration of their condition or the exclusion of the owner s rights. Any unauthorized act which deprives an owner of… …   Black's law dictionary

  • Hotchpot — In property law, hotchpot (sometimes referred to as hotchpotch or the hotchpotch rule) refers to the blending of property in order to secure equality of division. It usually arises in cases of divorce or in connection with advances made from the… …   Wikipedia

  • 1231 property — refers to the tax treatment of certain types of property under [http://www.law.cornell.edu/uscode/uscode26/usc sec 26 00001231 000 .html 26 USCA § 1231] of the Internal Revenue Code for the United States of America. The types of 1231 property… …   Wikipedia

  • Lyn Duff — is a journalist with the Pacific News Service and KPFA radio s [http://www.flashpoints.net Flashpoints] , an evening drive time public affairs show heard daily on Pacifica Radio. Early years Born in California in 1976, Lyn Duff began her… …   Wikipedia


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