Abatement - A reduction or decrease. Usually applies to a decrease of assessed valuation of ad valorem taxes after the assessment, and levy.
See our full commercial real estate financing related glossary of terms.
Abandonment: The voluntary relinquishment of rights of ownership or another interest (such as an easement) by failure to use the property, coupled with intent to abandon (give up the interest). More commercial real estate finance glossary terms can be found on the PSC Glossary of Real Estate Terms page.
A tenant with a top credit rating. This type of tenant is often critical to the developer’s ability to arrange both construction and permanent financing for a major commercial project, such as a shopping center or office building. See our full commercial real estate financing related glossary of terms.
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