Law Dictionary


noun ow·el·ty \ˈō-əl-tē\

Legal Definition of owelty



  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

Learn More about owelty

  1. Dictionary: Definition of owelty

Seen and Heard

What made you want to look up owelty? Please tell us where you read or heard it (including the quote, if possible).