Improvement
A change to your house.
A "capital" improvement is one that materially adds to the value of a house, appreciably prolongs its useful life, or adapts it to new uses.
The cost can be added to the tax basis of a house to calculate the seller's capital gains. Contrast with Repair.
Financial terms alphabetically:
| #
| A
| B
| C
| D
| E
| F
| G
| H
| I
| J
| K
| L
| M
| N
| O
| P
| Q
| R
| S
| T
| U
| V
| W
| X
| Y
| Z
|