Abatement Costs
A cost borne by many businesses for the removal and/or reduction of an undesirable item that they have created. Abatement costs are generally incurred when corporations are required to reduce possible nuisances or negative byproducts created during production. Investopedia Says:
Examples of abatement costs would be the pollution reduction costs of paper mills and noise reduction costs of manufacturing plants. Related Terms:
Abatement
Externality
Fixed Cost
Land Rehabilitation
Pigovian Tax
Semi-Variable Cost |