Which term is defined as land plus improvements?

The term that is defined as land plus improvements is real estate. This concept encompasses both the physical land itself and any permanent structures or enhancements made to it, such as buildings, fences, and roads. Real estate is a broader term that specifically refers to the tangible property, which is crucial for a clear understanding in the context of property ownership and transactions.

Real property, while related, refers more specifically to the legal rights associated with ownership of real estate, including the right to sell, lease, or use the land and improvements. Investment property typically pertains to properties purchased for generating income or profit, but it doesn't inherently define the physical aspects of land and improvements. Commercial property is a type of real estate used for business purposes, which is also a subset of real estate but does not encompass the full definition of land plus improvements.