Nevada Revised Statutes 132.030 – ‘Abatement’ defined
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‘Abatement’ means a proportional reduction of a pecuniary devise when the money or other assets out of which the devise is payable are not sufficient to pay the devise in full.
Terms Used In Nevada Revised Statutes 132.030
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Devise: To gift property by will.