betterment
C1CEFR level
70/100Rarity: rare
TechnicalRegister
Law noun
A deduction from damages reflecting that repair or replacement has left the claimant with something newer or more valuable than what was lost.
The insurer argued betterment, insisting we discount the new roof against the depreciated value of the old one.
Business noun
The improved condition of repaired property beyond its pre-loss state, whose extra cost the insured usually bears.
Replacing the twenty-year-old roof left the owner better off, so we applied a betterment deduction.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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