from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The increase in property value resulting from factors independent of the owner, such as a general rise in demand for land.
from the GNU version of the Collaborative International Dictionary of English
- adj. a increase in the value of land due to no labor or expenditure on the part of the owner, but to natural causes, such as the increase of population, the growth of a town in the vicinity, or the like. Some hold that this should belong to the nation.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. an unearned rise in the market value of property resulting from general market factors
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