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

In response to the exposure at the Executive Complex building, the Air Pollution Control District sought an abatement order —something county officials have not pursued at 101 Ash St. — San Diego Union-Tribune, "City of San Diego cited for asbestos violations at former Sempra building," 15 Sep. 2019 The Dallas City Council unanimously approved about $9.3 million in economic incentives last week, including a tax abatement that would save the company about $746,000 over a five-year period and up to $8.6 million in grants. — Melissa Repko, chicagotribune.com, "Uber makes it official: It will set up major hub in downtown Dallas by end of year," 27 Aug. 2019 The $17 billion figure was calculated to cover a 30-year abatement plan, which would help pay for long-term addiction treatments, physician-education programs, treatments for babies born exposed to opioids in the womb, support groups, and more. — Beth Mole, Ars Technica, "Oklahoma wins opioid case against Johnson & Johnson, gets tiny payout," 27 Aug. 2019 The unprecedented award for the State’s ‘abatement plan’ has sweeping ramifications for many industries and bears no relation to the Company’s medicines or conduct. — Joelle Goldstein, PEOPLE.com, "Johnson & Johnson Ordered to Pay $572 Million for Fueling State Opioid Addiction Crisis," 26 Aug. 2019 There are about 30 abatement birds in Chavez’s company. — Ben Brazil, Daily Pilot, "Falconers keep Orange County from being overrun by birds," 8 Aug. 2019 The recommendation the advisory board sent to the City Council would allow for a 100 percent tax abatement for 25 years. — Allison Kite, kansascity, "KC incentives for Three Light apartment tower win support, but with strings | The Kansas City Star," 23 May 2018 In addition, the restaurant will receive a 24-month rent abatement. — Birmingham Magazine, al, "Birmingham Food News: New coffee shops, downtown restaurants," 12 Sep. 2019 To give the company an incentive to grow in the Nutmeg State, the town of Simsbury offered a tiered tax abatement on any future growth and a waiver of 50 percent of the permitting fees associated with the expansion. — Emily Brindley, courant.com, "Ensign-Bickford plans Simsbury expansion with 140 new jobs," 2 July 2019

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

12 Oct 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