Legal Definitions - increase

An increase refers to a growth, enlargement, or addition in quantity, value, size, or scope.

• Example 1: After a new commercial development was approved nearby, a homeowner noticed a significant increase in the market value of their property.

  Explanation: This illustrates an increase in the financial value of an asset, specifically the property's worth.

• Example 2: Due to a surge in customer demand, the manufacturing company announced an increase in its production capacity and hired more staff.

  Explanation: This demonstrates an increase in both the quantity of goods the company can produce and the number of employees on its payroll.

• Example 3: Following a review of the company's financial performance, the court ordered an increase in the monthly child support payments owed by the executive.

  Explanation: Here, "increase" refers to an enlargement of a legal obligation, specifically the amount of financial support required to be paid.