abatement of debts and legacies

abatement of debts and legacies
эк., юр. сокращение долгов и завещательных отказов (делается в том случае, когда наследственного имущества не достаточно для того, чтобы погасить все долги или выполнить все завещательные отказы)
See:

Англо-русский экономический словарь.

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  • Abatement of debts and legacies — is a common law doctrine of wills that holds that when the equitable assets of a deceased person are not sufficient to satisfy fully all the creditors, their debts must abate proportionately, and they must accept a dividend.In the case of… …   Wikipedia

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