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unearned increment

Line breaks: un|earned in¦cre|ment

Definition of unearned increment in English:

noun

An increase in the value of land or property without labour or expenditure on the part of the owner.
Example sentences
  • But a larger equity problem is that sellers of development rights are being allowed to capture an unearned increment in land value brought on largely by public investment in infrastructure.
  • He explained that where compensation of some form was to be provided for the loss of the unearned increment in land values, further economic distortion would result.
  • George, like all other economists, used the term unearned increment to apply to increases in value that occurred separately from the things discussed by Harris.

Definition of unearned increment in:

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