owelty
- 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
- Due to the uneven valuation of the property, he had to pay owelty to the other co-owner.
- In order to receive her fair share of the property, she demanded an owelty from her brother.
- After the partition of the estate, he received an owelty to equalize the difference.
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