Portability (2024)

FAQs

What do you mean by portability? ›

/ˌpɔːr.t̬əˈbɪl.ə.t̬i/ the quality of being light and small enough to be easily carried or moved: The advantage of the smaller model is its greater portability. Campers like food pouches for their portability and long shelf lives.

Simply put, portability is a way for spouses to combine their exemption from estate and gift tax. More specifically, it's a process where a surviving spouse can pick up and use the unused estate tax exemption of a deceased spouse.

nounas in ability to move. adjustability. flexibility. maneuverability.

Software portability is important for applications, as the ability to work on other desktop and mobile platforms increases user flexibility and the application's potential user base. Building software with portability in mind can save developers time and overhead when moving new software across an environment.

An object that can be easily moved, such as a portable computer. For example, a laptop is a good example of a portable computer. 2. With computer hardware, portability describes an external device that can be moved from one place to another without disrupting its operation.

Portability is a way of transferring the amount of the gift and estate tax exemption that a deceased spouse did not use to the surviving spouse. It is only available to married couples. To get the benefit of portability, the executor of an estate must file a federal estate tax return.

Portability refers to an employee's option to retain certain benefits when switching employers. Some pension plans and health insurance have portability.

antonyms: unportable. not portable; not easily moved or transported. adjective.

: not portable : too bulky or heavy or too complexly or firmly fixed to be easily moved.

What is a synonym for the word potable? ›

synonyms: drinkable. antonyms: undrinkable. unsuitable for drinking. any liquid suitable for drinking. synonyms: beverage, drink, drinkable.

Maine does not allow portability. Maryland. Maryland is the only state with both an estate tax and an inheritance tax. The estate tax applies to estates over $5 million.

The estate tax return must include an opt-in election that the surviving spouse is electing portability of the deceased spouse's unused exemption. Failure to file the estate tax return or to include the election will result in the loss of portability.

For example, a husband dies with $2 million in separate assets. He has $3.25 million remaining in his estate tax exemption, which passes to his wife, giving her a total of $7.5 million in estate tax exemption.

If you are married, you also have the option to transfer all or part of your estate tax exemption to your surviving spouse. This provision is called portability, and it can be a valuable tool for married couples to consider as they develop their estate plans.

Examples of portability results evaluation include: verifying if functionality and performance of the software components or modules on different platforms meet portability requirements; checking compatibility and interoperability of the software components or modules with other software components, libraries, ...