Abatement - Definition

Normally, abatement is reducing or lessening the demands. Abatement in taxes refers to discount or reduction of taxes.

It means a reduction from taxation/debt provisionally or permanently. Abatement can also be incorporated in agreements if a building is destroyed by fire, flood or other accident.

Terms near "Abatement"

ABC Agreement
ABC Consumer comfort index-United States
Ability to pay
Above par
Absolute advantage
Absolute priority rule
Absorption rate
Abstract title
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