Dictionary of Accounting Terms: betterment
betterment
replacement of a major component of plant and equipment by another component that will result in betterperformance capability. The betterment increases overall efficiency of the asset. An example is a superior engine in an auto. Betterments represent capital expenditure.
Dictionary of Business Terms: betterment
betterment
improvement to real estate.
Dictionary of Real Estate Terms: betterment
betterment
an improvement to real estate.
Example: Abel purchases a site and constructs a building. The building is considered a betterment to the site.
