abatementnoun [ C or U ]
uk/əˈbeɪtmənt/usa situation in which a rate, price, etc. goes down, or goes up more slowly than before:
We have requested an abatement of interest on our late tax payment, as we received the tax bill late.
a reduction in level, especially of something that is harmful:
Industries have been set targets for the abatement of carbon emissions.
noise abatement
See also
carbon abatement
letter of abatement
rent abatement
tax abatement