Definition of "owelty"
  1. A payment that a co-owner must make to another to ensure equal value is received from a real estate property after a partition lawsuit under common law
How to use "owelty" in a sentence
  1. Due to the uneven valuation of the property, he had to pay owelty to the other co-owner.
  2. In order to receive her fair share of the property, she demanded an owelty from her brother.
  3. After the partition of the estate, he received an owelty to equalize the difference.

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