MLchartDataset catalogue

Abatement

Term · Insurance and risk management · MLC-T-INS-000280

The reduction, elimination, or mitigation of a hazard, nuisance, or harmful condition that could lead to a loss. In risk management, abatement measures are implemented to prevent or lessen the severity of potential claims. Examples include removing asbestos, repairing faulty wiring, or installing sprinkler systems to reduce fire risk.

Table 1. Record
IdentifierMLC-T-INS-000280
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000280",
  "term": "Abatement",
  "field": "Insurance and risk management",
  "definition": "The reduction, elimination, or mitigation of a hazard, nuisance, or harmful condition that could lead to a loss. In risk management, abatement measures are implemented to prevent or lessen the severity of potential claims. Examples include removing asbestos, repairing faulty wiring, or installing sprinkler systems to reduce fire risk.",
  "url": "https://mlchart.com/terminology/insurance/abatement/"
}

Record 9 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.