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Blackacre

   Also found in: Financial, Wikipedia 0.01 sec.

A fictitious designation that legal writers use to describe a piece of land.

The term Blackacre is often used in comparison with Whiteacre in order to distinguish one parcel of land from another.



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Khan, of Blackacre Road, Dudley, admitted two charges of possessing the controlled drug with intent to supply.
He represented the firm in the combined sale of 111 Eighth Avenue, 95 Wall Street, 100 William Street and 99 Wall Street for $386 million to Blackacre Capital/Taconic Investment Partners.
Subsequently, when the FMV of Blackacre is $800 and P's adjusted basis in Blackacre is $500, P transfers Blackacre to A in satisfaction of the guaranteed payment to A.
 
 
 
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