Abatement is the removal, reduction or subtraction of something. For taxes and bills, it is used to describe an amount that will not be charged, but in other circumstances would be charged. The term is also commonly used by environmentalists and is used to describe reducing or eliminating pollution.
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI's mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore: