betterment

betterment.

1. An improvement that increases the value of real property; esp., an enhancement in the nature of an alteration or addition that goes beyond repair or restoration to a former condition. [Cases: Improvements

1. C.J.S. Improvements §§ 2, 4.]

2. An improvement of a highway, railroad, or building that goes beyond repair or restoration.

3. An increase in value, esp. real-estate value, attributable to improvements. See IMPROVEMENT.

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词条贡献者

译者Terence，毕业于国内顶尖法学院，擅长翻译各种与复杂结构性融资相关的法律文件。