improvement
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Improvement
The act of adding something to a property such that it increases the property's value. For example, if one builds a house on a piece of land, the land usually becomes more valuable. Thus, the house is considered an improvement.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
improvement
An increase in the value of real estate achieved by changing its configuration or by adding to it. Also called land improvement.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.