/əˈbeɪtmənt əv bɪˈkwɛst/ – Pharse
Definition: sự hủy bỏ (giảm) việc di tặng động sản
A more thorough explanation: the process of reducing or eliminating legacies (bequests) when a testator’s assets are insufficient to satisfy all bequests in full. In other words, it’s a proportional reduction of bequests to make the estate’s assets match its liabilities.
Example: If a testator leaves bequests of $100,000 to each of three beneficiaries but the estate only has $200,000, each bequest would be abated by one-third, resulting in each beneficiary receiving $66,667.