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Law Dictionary

owelty

noun ow·el·ty \ˈō-əl-tē\

Legal Definition of owelty

plural

owelties

  1. :  a lien created or a pecuniary sum paid by order of the court to effect an equitable partition of property (as in divorce) when such a partition in kind would be impossible, impracticable, or prejudicial to one of the parties <an owelty award>



Origin and Etymology of owelty

Anglo-French oelté equality, from Latin aequalitat- aequalitas


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  1. Dictionary: Definition of owelty


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