acquiescence

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acquiescence

1. An act of concurrence by adjoining property owners which resolves a boundary dispute or establishes a common boundary, where the definite or more accurate position of same has not or cannot be defined by survey.
2. The tacit consent of one owner, by not interposing a formal objection, to what might be an encroachment by an adjoining property owner over a questionable boundary.
References in periodicals archive ?
In AOD-CC-1992-013, the IRS issued its nonacquiescence in the Neece case, and stated: "It is the position of the Internal Revenue Service that Neece is wrongly decided.
Several years ago, the Eighth Circuit had issued a decision (54) holding that these payments were not subject to the tax, but the IRS issued a nonacquiescence to that decision.
Despite the IRS's nonacquiescence in the Plainfield-Union case, the Tax Court's decision has been commonly cited in determining when the value of property has increased.
With respect to Simon and Liddle, the IRS issued AOD 1996-009 in which it indicated its nonacquiescence to those decisions.