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Dictionary:

betterment

  (bĕt'ər-mənt) pronunciation
n.
  1. An improvement over what has been the case: financial betterment.
  2. Law. An improvement beyond normal upkeep and repair that adds to the value of real property.

 
 

An improvement to real estate.

Example: Abel purchases a Site and constructs a building. The building is considered a betterment to the site.

 

Replacement of a major component of plant and equipment by another component that will result in better performance capability. The betterment increases overall efficiency of the asset. An example is a superior engine in an auto. Betterments represent Capital Expenditures.

 
Thesaurus: betterment

noun

  1. The act of making better or the condition of being made better: amelioration, amendment, improvement, melioration, upgrade. See better/worse.
  2. Steady improvement, as of an individual or a society: amelioration, development, improvement, melioration, progress. See better/worse.

 
Antonyms: betterment

n

Definition: improvement
Antonyms: deterioration, impairment, unhealthiness, worsening


 
Wikipedia: betterment

Betterment, making better, as opposed to worsement, 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 increment. When, for instance, some public improvement results in raising the value of a piece of private land, and the owner is thereby bettered through no merit of his own, he gains by the betterment, and many economists and politicians have sought to arrange, by taxation or otherwise, that the increased value shall come into the pocket of the public rather than into the owner's. A betterment tax would be so assessed as to divert from the owner of the property the profit thus accruing unearned to him. The whole problem is one of the incidence of taxation and the question of land values, and various applications of the principle of betterment have been tried in the United States and in England, raising considerable controversy from time to time.

References


 
Translations: Translations for: Betterment

Dansk (Danish)
n. - forbedring, bedring

Nederlands (Dutch)
verbetering, waardevermeerdering

Français (French)
n. - amélioration, (Jur) plus-value

Deutsch (German)
n. - Verbesserung

Ελληνική (Greek)
n. - βελτίωση, υπερτίμηση, υπερτίμημα

Italiano (Italian)
miglioramento, miglioria

Português (Portuguese)
n. - melhoria (f)

Русский (Russian)
улучшение, совершенствование

Español (Spanish)
n. - mejoría, mejora, mejoramiento, plusvalía

Svenska (Swedish)
n. - förbättring, reform

中文(简体) (Chinese (Simplified))
改善, 改良, 改进

中文(繁體) (Chinese (Traditional))
n. - 改善, 改良, 改進

한국어 (Korean)
n. - 개량, 개선

日本語 (Japanese)
n. - 向上, 改善

العربيه (Arabic)
‏(الاسم) تحسن, ترقي, تحسين‏

עברית (Hebrew)
n. - ‮השבחה, שיפור‬


 
 

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Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more
Thesaurus. Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.  Read more
Answers Corporation Antonyms. © 1999-2008 by Answers Corporation. All rights reserved.  Read more
Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Betterment" Read more
Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved.  Read more

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