owelty in a sentence
n.
📚 Grade Level: Grade 11, Grade 12
Definition
Owelty is a legal term referring to a monetary payment made to equalize the division of property between parties, often used in divorce settlements or partnership distributions.
Crossword clues for owelty
Crossword clue ideas and answer hints for the word "owelty".
- Payment to balance property division in legal disputes.
- Compensation for equitable split in divorce settlements.
- Monetary adjustment for equal property distribution.
- Settlement amount to equalize ownership stakes.
- Financial remedy for fair division of assets.
Owelty sentence examples
- The concept of owelty plays a crucial role in property division during divorce settlements.
- Understanding owelty is essential for equitable distribution of shared assets in a partnership.
- The court ordered an owelty payment to balance the unequal division of the inherited estate.
- Her attorney explained that owelty would ensure both parties received fair value from their joint investments.
- During the mediation, they discussed how to calculate owelty to avoid future disputes over the property.