abatement

noun

abate·ment | \ ə-ˈbāt-mənt

Definition of abatement

1 : the act or process of reducing or otherwise abating something abatement of pollution : the state of being abated a storm continuing without abatement [=without weakening]

2 : an amount abated especially : a deduction from the full amount of a tax … devised tax credits, refunds, and abatements to benefit private corporations … — William Greider

Synonyms & Antonyms More Example Sentences Learn More about abatement

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Synonyms & Antonyms for abatement

Synonyms

deduction, discount, reduction

Antonyms

accession, addition

Examples of abatement in a Sentence

Recent Examples on the Web

The demolition expenses include $3.5 million for hazardous materials abatement and various demolition design and administrative work. — Jc Reindl, Detroit Free Press, "What will rise at The Joe? No one will say as exterior demolition ramps up," 17 June 2019 San Francisco is not the only city in California that uses goats for weed abatement. — Caille Millner, SFChronicle.com, "SF’s cutest employees munch down fire hazards," 14 June 2019 Utility-scale projects are eligible for a state tax abatement — up to 80 percent for 10 years — but the real incentive for developers is the transmission that connects remote renewable energy projects to markets in the state’s populations centers. — Ryan Maye Handy, Houston Chronicle, "Solar power capacity in Texas expected to double, making life tougher for power companies," 16 Mar. 2018 The application for a tax abatement on the project said the equivalent of 21 full-time jobs would be created by the project. — Cameron Knight, Cincinnati.com, "Corporate plane hangar at Lunken Airport? No thanks, small pilots say," 3 Feb. 2018 If necessary, a lead abatement program will be undertaken before the field is reopened. — Frank Kummer, https://www.inquirer.com, "Athletic field at popular Point Breeze playground closed after lead found in soil," 4 June 2019 The building was renovated in 1981 in part through a using federal tax credit and a state tax abatement, resulting in thousands of public dollars diverted to help preserve the building for posterity. — oregonlive.com, "Preservationist wants to yank historic designation of building gutted in Portland courthouse project," 4 June 2019 On May 30, City Council approved a tax abatement and other incentives worth around $10 million for Toyota. — Randy Diamond, ExpressNews.com, "Toyota Tacoma sales up for 19th straight month," 4 June 2019 The City Council on May 2 recently approved a resolution designating the 6411 Northwind Parkway site as an economic revitalization area for the purpose of providing the company tax abatements on both the construction and equipment costs. — Karen Caffarini, Post-Tribune, "Hobart cemetery gets OK to build new mausoleum," 8 May 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'abatement.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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Statistics for abatement

Last Updated

22 Jun 2019

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Time Traveler for abatement

The first known use of abatement was in the 15th century

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More Definitions for abatement

abatement

noun

Financial Definition of abatement

What It Is

An abatement is a reduction in a tax rate or tax liability.

How It Works

Property taxes are a common subject of abatement (though the term is often used when discussing overdue debt). For example, John Doe owns a house and owes $4,000 in property taxes for the year. John's house is very old, and he is able to have it added to the National Register of Historic Places because Thomas Jefferson once slept there. As a result, the county gives him an abatement, reducing his taxes to only $500.

Why It Matters

Municipalities often grant abatements to incent people to do certain things with property: take action to revitalize a struggling neighborhood, restore a historic place, operate a business or nonprofit organization, or conduct another activity that improves the community as a whole.

Source: Investing Answers

abatement

noun

abate·ment | \ ə-ˈbāt-mənt

Legal Definition of abatement

1 : the act or process of abating or the state of being abated challenged the abatement of her bequest abatement of a private nuisance by self-help— W. L. Prosser and W. P. Keeton

2 : an amount abated : deduction especially : a deduction from the full amount of a tax

in abatement

: subject to termination because of a formal or procedural defect there shall be no reversal in the Supreme Court…for error in ruling upon matters in abatement — U.S. Code