Quine’s most important charge against second-, and more generally, higher-order logic is that it carries massive existential commitments. The force of this charge does not depend upon Quine’s questionable assimilation of second-order logic to set theory. Even if we take second-order variables to range over properties, rather than sets, the charge remains in force, as long as properties are individuated purely extensionally. I argue that if we interpret them as ranging over properties more reasonably construed, in accordance with an abundant or deflationary conception, Quine’s charge can be resisted. This interpretation need not be seen as precluding the use of model-theoretic semantics for second-order languages; but it will preclude the use of the standard semantics, along with the more general Henkin semantics, of which it is a special case. To that extent, the approach I recommend has revisionary implications which some may find unpalatable; it is, however, compatible with the quite different special case in which the second-order variables are taken to range over definable subsets of the first-order domain, and with respect to such a semantics, some important metalogical results obtainable under the standard semantics may still be obtained. In my final section, I discuss the relations between second-order logic, interpreted as I recommend, and a strong version of schematic ancestral logic promoted in recent work by Richard Heck. I argue that while there is an interpretation on which Heck’s logic can be contrasted with second-order logic as standardly interpreted, when it is so interpreted, its differences from the more modest form of second-order logic I advocate are much less substantial, and may be largely presentational.