Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
What you actually paid for an asset, used with the date of acquisition to compute the gain when it is sold.
Not held by the depository and invisible to a new broker. Moving accounts changes nothing about it and everything about who can prove it — which is why the old statements are what you take with you.
The shortfall of consideration below the cost of acquisition on the transfer of a capital asset, available for set-off under prescribed rules.
It arises on a transfer, not on a collapse in value. A short-term loss can meet either kind of gain; a long-term one can meet only long-term gains.