Definition of «abatement»

Abatement refers to a reduction or decrease in something. In particular, it can refer to a decrease in intensity, severity, or amount of something. For example, abatement could mean reducing the level of noise pollution, decreasing the severity of an illness, or lowering taxes as a means of economic abatement. The term is often used in legal contexts to refer to a reduction or elimination of penalties or fines.

Phrases with «abatement»

Sentences with «abatement»

I am pleased the Erie County Industrial Development Agency recently approved a new round of tax abatements in an effort to show community support for GM and to provide the necessary incentives to make this project a reality.» (readme.readmedia.com)
The City of Houston awarded SkyHouse Houston a tax abatement of $ 15,000 per apartment unit, subsidizing the more expensive high - rise construction costs necessary on the small city blocks and representing a substantial incentive to drive new development in a submarket that has lagged an otherwise robust Houston apartment market. (nreionline.com)
He said negotiations failed around three major issues, including raising the age of criminal responsibility from 16 to 18, a potential cost shift from public schools to charter schools and a real estate tax abatement program in New York City. (syracuse.com)
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