abatements
n. C1 Advanced US //əˈbeɪtmənts// abate·ments
n. a reduction in the amount of something, especially a tax or a punishment. It is often used in legal or financial contexts to describe a smaller amount than what was originally planned.
n. a reduction in the amount of a tax, fine, or penalty. Often used in legal or administrative contexts to describe a lesser degree of a previously applied measure.
The court granted several abatements to the fine.
The government introduced abatements for small businesses to help them survive the economic downturn.
Legal scholars argue that the abatements in the new environmental regulations are insufficient to prevent long-term damage to the local ecosystem.