REGRESSIVE TAX Definition

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REGRESSIVE TAX is a tax system to where the more income that is realized the lower the tax rate becomes.

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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.

OPEN-END FUND is a mutual fund that continually offers shares for sale and will always redeem existing shares for cash at the shareholder's request.

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