Betterment

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Dictionary Says

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.
Investopedia Says

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An example of betterment in business would be replacing an outdated piece of equipment with a new piece that increases a manufacturing facility's production capacity.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.
Search results for

'Betterment'

  • How Influential Economists Changed Our History

    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. ...
  • Combining Credit For A Happy Financial-Ever-After

    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 ...
  • The Rise And Fall Of The Shadow Banking System

    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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