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abatement

 - 5 dictionary results

a⋅bate⋅ment

  [uh-beyt-muhnt]
Use abatement in a Sentence
–noun
1. the act or state of abating or the state of being abated; reduction; decrease; alleviation; mitigation.
2. suppression or termination: abatement of a nuisance; noise abatement.
3. an amount deducted or subtracted, as from the usual price or the full tax.
4. Law.
a. a reduction of a tax assessment.
b. the termination of a nuisance.
c. a wrongful entry on land made by a stranger, after the owner's death and before the owner's heir or devisee has obtained possession.
d. a decrease in the legacies of a will when the assets of an estate are insufficient to pay all general legacies in full.
5. Also called rebatement. Heraldry. a charge or mark that, when introduced into a coat of arms, indicates the owner's disgrace.
Origin:
1300–50; ME < MF; see abate, -ment

Synonyms:
1. lessening, letup, diminution. 2. end, cessation.

Antonyms:
1. intensification, increase.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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a·bate·ment   (ə-bāt'mənt)   
n.  

  1. Diminution in amount, degree, or intensity; moderation.

  2. The amount lowered; a reduction.

  3. Law The act of eliminating or annulling.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Abatement

In general, a decrease in the amount of taxation faced by an individual or company.

Investopedia Commentary

Examples of an abatement include a tax decrease, a reduction in penalties, or a rebate.

Related Links

Tax Tips For The Individual Investor
A Long-Term Mindset Meets Dreaded Capital-Gains Tax

See also: Abatement Cost, Deduction, Double Taxing, Tax Credit

Also spelled: Abate tax relief, Tax cut, Rebate

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Legal Dictionary

Main Entry: abate·ment
Pronunciation: &-'bAt-m&nt
Function: noun
1 : the act or process of abating or the state of being abated abatement of her bequest> <abatement of a private nuisance by self-help —W. L. Prosser and W. Pacific Reporter Keeton>
2 : an amount abated : DEDUCTION; especially : a deduction from the full amount of a tax—in abatement : subject to termination because of a formal or procedural defect in abatement —U.S. Code>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Encyclopedia

abatement

in law, the interruption of a legal proceeding upon the pleading by a defendant of a matter that prevents the plaintiff from going forward with the suit at that time or in that form. Pleas in abatement raise such matters as objections to the place, mode, or time of the plaintiff's claim. At one time, abatement of proceedings in equity differed from abatement in law in that the former merely suspended the action, subject to revival when the defect was cured, whereas the latter terminated it, though the plaintiff could start the action anew. The latter is now the more common usage. The term abatement is also used in law to mean the removal or control of an annoyance.

Learn more about abatement with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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