(US, finance) A property that is being sold to initiate the 1031 exchange.
(US, finance) A property that is being sold to initiate the 1031 exchange.
No comments yet — say something.
Add your own interpretation of "downleg".
Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
See all Regional & Other slang on Slangora.
Browse all .
(US, finance) A taxpayer's deferral of recognition of capital gains and related federal income tax liability on the exchange of certain types of property, under Internal Revenue Code section 1031.
(Australia, economics) The selling of sufficient shares to significantly reduce their price.
(finance, US) To dispose of a debt to avoid integrated treatment under US tax law.
(US, politics) To change an area or property to a less restrictive zoning.
(British) Real estate; the business of selling houses.