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Definition of 'Betterment'
A type of action or cost expenditure that contributes towards improving an asset's performance and/or increasing its value. Betterments do not include general maintenance-related actions that seek to sustain an asset's current value.
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Investopedia explains 'Betterment'
For example, fixing a garage door would not be betterment, but adding an automatic garage-door opener to the garage would be, because the new door will add value to the home.
An example of betterment in business would be replacing an outdated piece of equipment with a new piece that increases a manufacturing facility's production capacity. In this case, the overall asset's value (the manufacturing facility) is greater than its value would have been had it kept the old equipment.
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Search results for 'Betterment'
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http://www.investopedia.com/articles/07/economists.asp
... Friedman believed that introducing capitalism to totalitarian countries would lead
to the betterment of society and increased political freedom. ...
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http://www.investopedia.com/articles/pf/09/combining-credit-cards.asp
... evaluate what combining finances will do to your credit score and your budget, most
of the account changes you make will be for the betterment of both of your ...
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http://www.investopedia.com/articles/economics/10/shadow-banking-system.asp
... spending. Can we regulate it for the betterment of society and preclude
such future meltdowns? Well, that remains to be seen. (Find ...
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