Money paid by a favored co-tenant to the other members of the tenancy where there is a physical partition of a tenancy into unequal shares. These payments are typically court ordered.
Related information about owelty:
- Owelty - Legal Dictionary - The Free Dictionary
OWELTY. The difference which is paid or secured by one coparcener to another, for the purpose of equalizing a partition. Hugh. Ab. Partition and Partner, Sec.
- owelty - definition of owelty by the Free Online Dictionary, Thesaurus ...
[from Anglo-French owelté, ultimately from Latin aequalitas, from aequalis equal]. Want to thank TFD for its existence? Tell a friend about us, add a link to this ...
- Owelty - Judicial Partition - Partition
Owelty is a sum of money decreed by a court as part of a judgment of partition, to be paid by a party who received a share of greater value to other parties.
- Owelty - Merriam-Webster Online
a : the amount paid or secured by one owner to another to equalize a partition of property in kind. b : a payment made to achieve equality between those who ...
- Owelty | Define Owelty at Dictionary.com
owelty [Click for IPA pronunciation guide]. —n , pl -ties. law equality, esp in financial transactions. [C16: from Anglo-French owelté, ultimately from Latin ...
- OWELTY : on Law Dictionary
OWELTY defined on the Free Online Law Dictionary. law terminology definitions including drugs, abbreviations, equipment, devices, and more from almost all ...
- Houston North » Texas Mortgage Laws: Introducing the Owelty Deed
Mar 13, 2010 ... Texas mortgage laws are rarely described as logical, but the obscure Owelty deed--a legal instrument used in divorce or other equity ...
- What is OWELTY? definition of OWELTY (Black's Law Dictionary)
Definition of OWELTY: Equality. This word is used in law in several compound phrases, as fol- lows: 1. Owelty of partition is a sum of money paid by one of two ...