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incrementA portion, as of property or time. Developers build subdivisions in phases or increments, completing one section in order to gauge market demand before starting another section. Lawyers bill in minimum increments of 6, 10, 15, or 30 minutes depending on the particular lawyer and local custom,so a 3-minute phone call might be billed as any of these time increments.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.