abatement

noun
abate·​ment | \ ə-ˈbāt-mənt How to pronounce abatement (audio) \

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

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Synonyms & Antonyms for abatement

Synonyms

deduction, discount, reduction

Antonyms

accession, addition

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Examples of abatement in a Sentence

Recent Examples on the Web

Axios reports that the state of Texas is investing $25 million in grants and likely millions in property tax abatements to facilitate the expansion. Samuel Axon, Ars Technica, "Apple will spend $1 billion and hire up to 15,000 people for new Austin office," 13 Dec. 2018 One cost-benefit analysis suggested that $1 spent on lead abatement produces between $17 and $221 in social benefits. Dylan Matthews, Vox, "Billionaires are spending their fortunes reshaping America’s schools. It isn’t working.," 30 Oct. 2018 The County Council unanimously passed the abatement two years later. Amy Lavalley, Post-Tribune, "Hospital again meets Porter County abatement requirements," 1 June 2018 Incentives included a 15-year property tax abatement program from Memphis and Shelby County. Jonathan Mattise, The Seattle Times, "State: Electrolux not required to repay $100M in Tennessee," 5 Feb. 2019 Under the settlement, Cokenergy will spend $250,000 on a lead abatement project in the area to reduce lead hazards in schools and day care centers. Holly V. Hays, Indianapolis Star, "East Chicago plant to pay $5M in penalties after alleged clean air violations," 26 Jan. 2018 The project received a favorable recommendation from a tax abatement advisory board Wednesday. Bill Turque, kansascity, "KC Council defines affordable housing rents (and it's not $2K a month) | The Kansas City Star," 24 May 2018 The store would get 1 cent of the fee and the remaining 4 cents would go to a fund that would help pay for lead abatement in schools and communities. Frank Kummer, Philly.com, "N.J. poised to impose 5-cent fee on plastic bags, so why aren't environmentalists happy?," 22 June 2018 Residential owners on Beacon and Concord will also be eligible for abatement on improvements that increase home values. Jeff Piorkowski/special To Cleveland.com, cleveland.com, "Beachwood adds new 'tool' to help attract, retain business; new law director hired," 3 Apr. 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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First Known Use of abatement

15th century, in the meaning defined at sense 1

History and Etymology for abatement

Middle English, borrowed from Anglo-French, from abatre "to abate" + -ment -ment

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Dictionary Entries near abatement

abassi

abastardize

abate

abatement

abatis

abatised

abat-jour

Statistics for abatement

Last Updated

18 Apr 2019

Look-up Popularity

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 How to pronounce abatement (audio) \

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 abatementU.S. Code

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Comments on abatement

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