What is the meaning of the word "abatement"?
Definitions:
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A legal term for suspending or ending a lawsuit due to certain circumstances. NOUN
- The case was dismissed due to the abatement of proceedings after the plaintiff's passing.
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In financial context, a reduction in the amount of taxes, debts, or penalties owed. NOUN
- The city provided tax abatement to encourage new businesses to move into the area.
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In real estate context, refers to a reduction in rent or other charges due to specific circumstances, such as uninhabitable conditions in a property. NOUN
- The tenant received a rent abatement while repairs were being made to the apartment.
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The act of lessening, decreasing, or removing something undesirable. NOUN
- The abatement of the foul smell from the factory brought relief to the neighborhood.
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The ending, removal, or lessening of a nuisance, legal claim, or penalty. NOUN
- The court ordered the abatement of the public nuisance caused by excessive noise.
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The reduction or control of environmental hazards sucha as pollution, noise, or toxic substances. NOUN
- The company implemented an abatement plan to reduce its carbon emissions.
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