betterment

listen to the pronunciation of betterment
Englisch - Englisch
An improvement to a property that adds to its value
An improvement
An improvement to property or structure other than a repair which increases the value of the property
An improvement to real property which is more extensive than ordinary repair or replacement and which increases the value of the property
When your insurance company pays your auto claim and takes depreciation on parts
An addition or improvement to a property that increases its value (i e , a second bathroom)
(Améliorations) Where the results of repairs or replacement as a result of the loss results in the insured receiving something better than he had before the loss The difference is known as "betterment " In most instances, this difference is discussed before the repairs or replacement has been made and the insured has agreed to an appropriate figure as his contribution for this "betterment " This is also referred to as "new for old "
an expenditure to make a plant asset more efficient or productive; also called improvements (p 463)
An improvement that increases property value as opposed to repairs or replacements that simply maintain value
an improvement that adds to the value of a property or facility
Term used to describe additional benefit which may accrue to the party whose vehicle is being repaired For instance, a tire may need to be replaced But at the time of the accident, the wear and tear had only reached 40 percent The insurance company may decide that they are only responsible for 60 percent of the replacement cost Another example is with an upgrade in equipment such as a radio If the customer is obtaining a higher quality radio than the damaged one the insurance company may only cover the cost of the damaged radio
Used to describe an improvement in the insured property under a contract of indemnity resulting from its refurbishment or repair
An improvement that increases a property’s value
An improvement upon property which increases the property value and is considered as a capital asset, as distinguished from repairs or replacements where the original character or cost is unchanged
The improvement of real estate that results in a rise in market value Also, a legal concept of civil law: when a court award, judgment or order in favor of an injured party places that party in a better position than he would have been had his original injury never taken place
Term used to describe an item replaced due to an accident that has some wear The practice is often applied to tires and batteries that are several years old If a battery has used up 3/4 of its life, the Insurance company will pro-rate the item’s cost and in this case will pay 1/4 of the cost to replace the battery and will ask the insured or claimant to pay the remaining 3/4 The premise being that the Insurance Company is only obligated to return the vehicle to its pre-accident condition
An improvement of an estate which renders it better than mere repairing would do; generally used in the plural
A capital expenditure that improves a plant asset, such as placing siding on a building The cost of a betterment is debited to the plant asset account
The measurable amount by which a person is better off financially after a loss because a new item has replaced the old one
an improvement to real property that is more extensive than ordinary repair or replacement and that increases the value of the property
An improvement that increases a property's value
Where the results of repairs or replacement as a result of the loss results in receiving something better than had previous to the loss the difference is known as betterment
A term used to express the difference in the value of property before loss and after restoration If a 20-year roof is damaged by an insured peril and it has to be replaced in its 15th year and the restoration renews the 20-year life expectancy, the owner has obtained a 15-year betterment in the roof Without replacement cost insurance on the roof, the owner is expected to reimburse the insurance company for the "betterment" entailed in the restoration Also see Improvements and betterments
the act of relieving ills and changing for the better
A reduction in claim compensation for a vehicle component which is worn; typically applied to items such as tires, batteries, and exhaust parts; much like pro-rating
Physical improvements beyond mere maintenance or repairs that augment the value of a property
An improvement that increases property value as distinguished from repairs or replacements that simply maintain value
The betterment of something is the act or process of improving its standard or status. His research is for the betterment of mankind. = improvement. improvement, especially in someone's social and economic position for the betterment of sb/sth
An improvement that increases a property's value as opposed to repairs that maintain the value
an improvement to real estate
{i} improvement, advancement; reform, reconstruction
A making better; amendment; improvement
a change for the better; progress in development
betterment tax
tax levied on the increase in the value of real estate from the time it is purchased to the time it is sold
betterments
plural of betterment
land betterment tax
tax which is raised and intended to fund services to improve the land
soil betterment
improving soil by the removal of stones from within, drainage and manuring
betterment
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