the increase in value of land resulting from adjacent public works.
Collins dictionary of law. W. J. Stewart. 2001.
An increase in the value of a property as a result of action or proposed action by a public body. This could be positive action, such as the construction of a new road benefiting the property, or negative, as where restrictions are imposed on another property. It can also mean the value added to a property by an improvement.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
n. An improvement that adds to the value of real property.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
См. также в других словарях:
Betterment — Betterment, making better, is a general term used particularly in connection with the increased value given to real property by causes for which a tenant or the public, but not the owner, is responsible; it is thus of the nature of unearned… … Wikipedia
betterment — bet‧ter‧ment [ˈbetəmənt ǁ tər ] noun [uncountable] PROPERTY an increase in the value of property caused by improvements in the area surrounding the property: • It is logical to balance the compensation paid to aggrieved owners by collecting a… … Financial and business terms
Betterment — Bet ter*ment, n. 1. A making better; amendment; improvement. W. Montagu. [1913 Webster] 2. (Law) An improvement of an estate which renders it better than mere repairing would do; generally used in the plural. [U. S.] Bouvier. [1913 Webster] … The Collaborative International Dictionary of English
betterment — 1590s, from BETTER (Cf. better) + MENT (Cf. ment) … Etymology dictionary
betterment — [n] improvement advancement, amelioration, mastery, melioration, progress, prosperity, upgrading; concept 244 Ant. deterioration, impairment, unhealthiness, worsening … New thesaurus
betterment — ► NOUN ▪ improvement … English terms dictionary
betterment — [bet′ərmənt] n. 1. a making or being made better; improvement ☆ 2. Law an improvement that increases the value of property and is more extensive than mere repairs … English World dictionary
Betterment — A type of action or cost expenditure that contributes towards improving an asset s performance and/or increasing its value. Betterments do not include general maintenance related actions that seek to sustain an asset s current value. For example … Investment dictionary
betterment — bet|ter|ment [ˈbetəmənt US tər ] n [singular] formal improvement, especially in someone s social and economic position for the betterment of sb/sth ▪ social change for the betterment of society as a whole … Dictionary of contemporary English
betterment — [[t]be̱tə(r)mənt[/t]] N UNCOUNT: oft N of n The betterment of something is the act or process of improving its standard or status. [FORMAL] His research is for the betterment of mankind. Syn: improvement … English dictionary