betterment definition

betterment

Accounting: Addition, change, or extraordinary improvement made to an asset to extend its useful life or enhance its efficiency, resulting in returns over and above the incurred cost.

Real estate: Appreciation in the value of a property due to beneficial public works (such as construction of highway, sewers, sidewalks) executed in its near vicinity.

betterment is in the Accounting & Auditing and Real Estate & Buildings subjects.

betterment appears in the definition of the following term: social accountability

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