Common law doctrine of wills that holds that when the equitable assets of a deceased person are not sufficient to satisfy all the creditors fully, their debts must abate proportionately, and they must accept a dividend.
« Back to Glossary IndexCommon law doctrine of wills that holds that when the equitable assets of a deceased person are not sufficient to satisfy all the creditors fully, their debts must abate proportionately, and they must accept a dividend.
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