Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “tax abatement”

tax abatement

noun [C or U]     TAX, FINANCE, PROPERTY
a reduction in the amount of tax that a business would normally have to pay in a particular situation, for example to encourage investment: The development is eligible for a 10-year property tax abatement. Without tax abatement, I will never get the loans to finance the project. a tax abatement package/programme
(Definition of tax abatement noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of tax abatement

Word of the Day

pump iron

to lift heavy weights for exercise

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More