the increase in value of land resulting from adjacent public works.

Collins dictionary of law. . 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. . 2010.

n. An improvement that adds to the value of real property.

Webster's New World Law Dictionary. . 2000.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”