Example usage
As there was insufficient funds, all bequests were abated.
noun
Cancelling a writ or action; stopping a nuisance; reducing the payments to creditors in proportion, if there is not enough money to pay them in full; or reducing the bequests in a will, in proportion.As there was insufficient funds, all bequests were abated.
Something that is given in a will, other than land or real property.
Source: Plain English Campaign