Definitii

A reduction in or reprieve from a tax, debt or any other payment obligation. An abatement is sometimes included in a contract, for example abatement of rent in the event that a building is destroyed by fire, flood or other accident.

An agreement between a brokerage firm and an employee detailing the rights of the firm when it purchases an NYSE if he/she leaves but must buy another seat for an individual named by the firm; B] sell the seat but return the proceeds to the firm; or C] transfer the seat to another employee of the firm.

The suspension of a title to real estate while lawful ownership is being determined.

Having a current price above face value. This would generally be the case if the coupon paid on the bond exceeds the discount rate applicable, or if market interest rates fall after the bond is bought. If the bondholder had bought at a price above par, then he/she will suffer a capital loss upon maturity since the bond will only be redeemed at face value.