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unearned increment

 - 2 dictionary results

unearned increment

–noun
the increase in the value of property, esp. land, due to natural causes, as growth of population, rather than to any labor or expenditure by the owner.

Origin:
1870–75
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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unearned increment  
n.  The increase in property value resulting from factors independent of the owner, such as a general rise in demand for land.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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