- The definition of abatement refers to the process of something ending or becoming less than it was at a prior time.
An example of abatement would be the reduction in a government fee.
- Abatement is defined as the interruption or end of something.
An example of abatement is when a court case is stopped due to the termination of a law suit.
abatement definition by Webster's New World
- a lessening or reduction
- an amount deducted; extent of a reduction
- Law the termination of a suit, quashing of a nuisance, etc.
Origin: OFr: see abate
abatement definition by American Heritage Dictionary
- Diminution in amount, degree, or intensity; moderation.
- The amount lowered; a reduction.
- Law The act of eliminating or annulling.
abatement - Business Definition
abatement - Investment & Finance Definition
The reduction or suspension of payments. For example, a municipality may give a corporation tax abatements to lure the corporation to the city. An abatement also may be used in a contract in the event that some extraordinary situation arises. See also tax abatement.Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana. Used by arrangement with John Wiley & Sons, Inc.
abatement - Legal Definition
- The act of abating.
- The process of, or the state of, being abated.
- The amount abated.