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

Additional Related Terms: Allowance for depreciation, Accrual of discount, After-tax basis, Amortization of premium, At par, All or any part, At best, At call, Accumulated earnings tax, At risk