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Abatement

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.

Related Terms: 8 Abatement, CLU, Contract, Debt, Inc., Obligation, Rent, Tax
Other Related Pages: Category: Taxes Starting With: A
Semi Related Terms: 477 CLICK HERE TO VIEW
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