betterment
noun
- in real property
Wiktionary
Pronunciation: /ˈbɛtəmənt/ / /ˈbɛtɚmənt/
noun
Etymology: Etymology tree English better Proto-Indo-European *-mn̥ Proto-Indo-European *-mn̥tom Proto-Italic *-mentom Latin -mentum Old French -mentbor. Middle English -ment English -ment English betterment From better + -ment.
- An improvement or amelioration.
“When BR "back-checked" (BR's term) the financial results of steam replacement across 49 schemes, where DMUs had been substituted on the London Midland Region, only one was now profitable. BR thinking on such substitutions referred to "betterment", not profit or loss.”
- An improvement to a property that adds to its value.