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development rights

noun
1.
rights to use real property, such as farmland, in ways that differ from the current use.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for development rights
  • Big-pharma companies can often pick up joint-development rights to these substances fairly cheaply.
  • The tax deduction comes from donating development rights.
  • Once purchased, the development rights are held by the state in perpetuity.
  • These development rights can then be used in urban areas better suited to accommodate additional growth.

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