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betterment |
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Betterment 1. In real estate, an increase in the valueof a property because of an improvement near the property that makes it more desirable for potential buyers. For example, if a municipality builds a highway or a park near a house, this may result in betterment for the homeowner. 2. In accounting, an increase in the value of an asset because of some improvement that increases its efficiency or profitability. betterment An improvement to real estate.Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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