CAPITAL BETTERMENTS definition
CAPITAL BETTERMENTS. The improvement of land or land rights or the enlargement or improvement of any Units of Property constituting a part of the Navajo Project or the substitution thereof, where such substitution constitutes an enlargement or improvement as compared with that for which it is substituted, which in accordance with Accounting Practice would be capitalized.
Examples of CAPITAL BETTERMENTS in a sentence
CAPITAL BETTERMENTS: The improvement of land or land rights or the enlargement or improvement of any Units of Property constituting a part of the Transmission System or the substitution thereof, where such substitution constitutes an enlargement or improvement as compared with that for which it is substituted, which in accordance with Accounting Practice would be capitalized.