equivalent

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equivalent

n., adj. equal in value, force or meaning.

equivalent

adjective alike, as good as, balancing, coequal, comparable, compensatory, equal, equal in effect, equal in force, equal in power, equal in significance, equal in value, equalized, equipollent, even, identical, identical in size, identical in value, interchangeable, like, of equal force, of equal value, of equal weight, on a par with, parallel, pro re valere, reciprocal, same, similar, substitutable, tantamount, without difference
Associated concepts: equivalent acts, fair equivalent, subbtantially equivalent

EQUIVALENT. Of the same value. Sometimes a condition must be literally accomplished in forma specifica; but some may be fulfilled by an equivalent, per oequi polens, when such appears to be the intention of the parties; as, I promise to pay you one hundred dollars, and then die, my executor may fulfill my engagement; for it is equivalent to you whether the money be paid to you b me or by him. Roll. Ab. 451; 1 Bouv. Inst. n. 760.

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The final regulations address this concern by providing more explicitly that interests in a partnership will not be treated as readily tradable on a secondary market or the substantial equivalent thereof unless (1) the partnership participates in the establishment of the market or the inclusion of its interest thereon or (2) the partnership recognizes transfers made on that market.