Define: Abatement

UK Accounting Glossary

Definition: Abatement


Quick Summary of Abatement


Noun: the action of being abated or abating: subsiding or ending.

Law: the removal or reduction of a nuisance.



What is the dictionary definition of Abatement?

Dictionary Definition


To reduce the intensity, amount or degree of a given activity.

Abatement is also used to describe the reduction of the emission of pollutants in environmental economics.

Technical abatement is a term used when referring to measures which involve production activities of businesses, for example, an introduction of a new, or an amendment to an existing process or technology.

Behavioural abatement is the changing of behaviours of consumers, or the changing of lifestyles in the customers.


Full Definition of Abatement


1. Commerce: Reduction in the amount of a bill or charge such as de-murrage, overtime penalty, or rent.
2. Environment: Elimination or reduction of polluting or hazardous substances (such as asbestos) by either removing them completely or lessening their effect through better waste management.
3. Legal: Suspension of a court action, or bringing it to a close before the final decision.
4. Taxation: Rebate given in levies or taxes under special circumstances, such as in aftermath of natural disasters.



Examples of Abatement in a sentence


The question of the amount of individual incomes only comes before the authorities when claims for exemption and abatement are made.
The investor was able to secure a tax abatement for the grade 2 listed building, in exchange for promising to create affordable housing for disadvantaged members of the local community.



Cite Term


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Abatement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 17, 2019 https://payrollheaven.com/define/abatement/.
Chicago Manual of Style (CMS):
Abatement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/abatement/ (accessed: July 17, 2019).
American Psychological Association (APA):
Abatement. PayrollHeaven.com. Retrieved July 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/abatement/

Definition Sources


Definitions for Abatement are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th January 2019.