Glossary
A
Activities of Daily Living (ADLs)—Regular daily activities that people generally do on their own, such as bathing, dressing, moving, and feeding oneself. The inability to do a certain number of these ADLs triggers the payment of benefits of a long-term care insurance policy.
adjusted basis—An income-tax term that relates to the initial price of property adjusted for certain additional costs related to the property (for example, a house to which the cost of improvements, such as a new bathroom) are added. Adjusted basis is used in the computation of capital gains taxes.
adjusted gross income—An income-tax term that relates to your total taxable income minus certain adjustments. This is the figure at the bottom of the front page of Form ...
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