abatement

abatement definition - business

abatement

The reduction or elimination of an expense or series of expenses. For example, a loan agreement may include a provision for payment abatement under certain circumstances. See also tax abatement.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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