unearned increment

2 definitions found

unearned increment - Collaborative International Dictionary of English v.0.48 :

  Unearned \Un*earned"\, a.
     Not earned; not gained by labor or service.
     [1913 Webster]
  
     Unearned increment (Polit. Econ.), 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.
        [1913 Webster]

unearned increment - WordNet (r) 2.1 (2005) :

  unearned increment
      n 1: an unearned rise in the market value of property resulting
           from general market factors