boot
boot definition - business
boot
Cash or property included to equalize the values in an exchange of properties. For example, you might swap your home plus cash (the boot) with a neighbor whose home has a greater market value than yours.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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