improvement

improvement
A valuable addition made to property (usually real estate) or an amelioration in its condition, amounting to more than mere repairs or replacement, costing labor or capital, and intended to enhance its value, beauty or utility or to adapt it for new or further purposes. Generally has reference to buildings, but may also include any permanent structure or other development, such as a street, sidewalks, sewers, utilities, etc. An expenditure to extend the useful life of an asset or to improve its performance over that of the original asset. Such expenditures are capitalized as part of the asset's cost. Contrast with maintenance and repair.
See also betterment
- leasehold improvements.
In the law of patents, an addition to, or modification of, a previous invention or discovery, intended or claimed to increase its utility or value. Steiner Sales Co. v. Schwartz Sales Co., C.C.A.Utah, 98 F.2d 999, 1010.
It includes two necessary ideas: the idea of a complete and practical operative art or instrument and the idea of some change in such art or instrument not affecting its essential character but enabling it to produce its appropriate results in a more perfect or economical manner

Black's law dictionary. . 1990.

Игры ⚽ Поможем написать курсовую
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  • improvement — im‧prove‧ment [ɪmˈpruːvmənt] noun [countable, uncountable] the act or state of getting better: improvement in • Canandaigua Wine Co reported a 70% improvement in net income for the third quarter. • An economist said he was optimistic that… …   Financial and business terms

  • Improvement — Im*prove ment, n. 1. The act of improving; advancement or growth; promotion in desirable qualities; progress toward what is better; melioration; as, the improvement of the mind, of land, roads, etc. [1913 Webster] I look upon your city as the… …   The Collaborative International Dictionary of English

  • improvement — im·prove·ment n: a usu. permanent addition to or modification of real property that enhances its capital value and is distinguished from an ordinary repair in being designed to make the property more useful or valuable Merriam Webster’s… …   Law dictionary

  • Improvement — (engl., spr. prūw ), Verbesserung …   Meyers Großes Konversations-Lexikon

  • improvement — (n.) mid 15c., enprowment management of something for profit, from Anglo Fr. emprowement, from emprouwer turn to profit (see IMPROVE (Cf. improve)). Meaning betterment; amelioration is from 1640s. Meaning buildings, etc. on a piece of property is …   Etymology dictionary

  • improvement — [n] bettering; something bettered advance, advancement, amelioration, amendment, augmentation, betterment, change, civilization, correction, cultivation, development, elevation, enhancement, enrichment, furtherance, gain, growth, increase,… …   New thesaurus

  • improvement — ► NOUN 1) an instance of improving or being improved. 2) the action of improving or being improved. 3) a thing that makes something better or is better than something else …   English terms dictionary

  • improvement — [im pro͞ov′mənt] n. [Anglo Fr emprowement] 1. an improving or being improved; esp., a) betterment b) an increase in value or in excellence of quality or condition c) Now Rare profitable use 2. a) an addition or …   English World dictionary

  • improvement — noun ADJECTIVE ▪ big, considerable, enormous, great, huge, major, marked, massive, material, radical, remarkable …   Collocations dictionary

  • improvement — n. 1) to bring about an improvement 2) to show (an) improvement 3) a decided, distinct, marked, substantial; minor improvement 4) an improvement in, of (an improvement in her work; an improvement of service) 5) an improvement on, over, upon (this …   Combinatory dictionary

  • improvement — im|prove|ment W2 [ımˈpru:vmənt] n 1.) [U and C] the act of improving something or the state of being improved improvement in/on/to ▪ There s been a big improvement in the children s behaviour. ▪ an improvement on earlier models ▪ We need to carry …   Dictionary of contemporary English

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