Unearned increment Meaning, Definition & Usage
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noun an unearned rise in the market value of property resulting from general market factors
WordNet
Definitions
(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.