unearned increment

noun

Definition of unearned increment

: an increase in the value of property (such as land) that is due to no labor or expenditure of the owner but to causes (such as the increase of population) that create an increased demand for it

First Known Use of unearned increment

1871, in the meaning defined above

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The first known use of unearned increment was in 1871

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Cite this Entry

“Unearned increment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unearned%20increment. Accessed 13 Jul. 2020.

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