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


1. The act of abating, or the state of being abated; a lessening, diminution, or reduction; a moderation; removal or putting an end to; the suppression of.
2. The amount abated; that which is taken away by way of reduction; deduction; decrease; a rebate or discount allowed; in particular from a tax.
3. heraldry A mark of dishonour on an escutcheon; any figure added to the coat of arms tending to lower the dignity or station of the bearer.


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Full Definition of Abatement


1. Commerce: Reduction in the amount of a bill or charge such as demurrage, 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 the aftermath of natural disasters.

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.


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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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https://payrollheaven.com/define/abatement/
Modern Language Association (MLA):
Abatement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 16, 2019 https://payrollheaven.com/define/abatement/.
Chicago Manual of Style (CMS):
Abatement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/abatement/ (accessed: September 16, 2019).
American Psychological Association (APA):
Abatement. PayrollHeaven.com. Retrieved September 16, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/abatement/

Definition Sources


Definitions for Abatement are sourced/syndicated from:


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