A reduction in or reprieve from a tax, debt or any other payment obligation. An abatement is sometimes included in a contract, for example abatement of rent in the event that a building is destroyed by fire, flood or other accident.

Use abatement in a sentence

The city of Warrensburg offered a property tax abatement to entice new homebuyers and to boost the resale value of existing homes.

​ Was this Helpful? YES  NO 12 people found this helpful.

There would be an abatement and that made me very unhappy and uninterested to know because it did not effect me.

​ Was this Helpful? YES  NO 9 people found this helpful.

As I was reading through my contractual agreement for the apartment I was renting, it mentioned there was a abatement in the costs.

​ Was this Helpful? YES  NO 2 people found this helpful.

Show more usage examples...

Mentioned in these terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
average free rent concession