Solution

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SOLUTION, civil law. Payment.
     2. By this term, is understood, every species of discharge or liberation, which is called satisfaction, and with which the creditor is satisfied. Dig. 46, 3, 54; Code 8, 43, 17; Inst. 3, 30. This term has rather a reference to the substance of the obligation, than to the numeration or counting of the money. Dig. 50, 16, 176. Vide Discharge of a contract.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
At which point the commissioner cut in: "Dammit, Sol. You're supposed to look busy, not be busy."
6501(a) SOL. Thus, the issue for the court was whether Sec.
If the IRS lists a transaction after the SOL closed for the year of the transaction, this provision does not re-open the SOL. However, if the transaction's purported tax benefits are recognized over multiple years, the provision's extension of the SOL applies to tax benefits in any subsequent tax year when the SOL had not closed prior to the date the transaction became listed.
6015(f) does not impose an SOL. However, according to Rev.
6501(e) six-year SOL. The Tax Court also implied that its ruling would apply to other passthrough entities, such as S corporations.
Either alternative, if properly done, should commence the running of the SOL. The added benefit of the appraisal described in Exhibit 2 is the improved chances of defending the reported value against a Service valuation challenge during the audit exposure period.