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unearned increment

noun
1.
the increase in the value of property, especially land, due to natural causes, as growth of population, rather than to any labor or expenditure by the owner.
Origin of unearned increment
1870-1875
First recorded in 1870-75
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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British Dictionary definitions for unearned increment

unearned increment

noun
1.
a rise in the market value of landed property resulting from general economic factors
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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9
12
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