ABATEMENT Definition

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ABATEMENT, in general, is the reduction or lessening. In law, it is the termination or suspension of a lawsuit. For example, an abatement of taxes is a tax decrease or rebate.

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UNLIMITED COMPANY is where there is no limit to the member's liabilities.

FORM 1065 (Schedule K-1) is the domestic partnership income tax return form used in the U.S.

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