Definition of "scrappage" [scrappage]

• The practice of scrapping something (noun)
• An amount of money paid by the government to a person trading-in an old car (that will be scrapped) for a more environmentally-friendly new one (noun)

Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License

• "Business Secretary, made a £270 million loan guarantee to General Motors to ensure that the American With less than four weeks to go to the end of "scrappage" - the Government's subsidy scheme to save the industry - the question now is: what happens after the end of By Brian Harper, National PostMarch 5, 2010 5: 06 AM Although European countries have had smaller, more fuel-efficient (primarily diesel-powered) vehicles for decades, the 80th"
• "Governments in Europe also implemented so-called scrappage programs that offered cash back to car buyers to promote the sale of fuel-efficient vehicles."
• "A so-called scrappage scheme during the financial crisis that offered subsidies for buying new cars in exchange for trading in ten-year-old vehicles ended four months ago."