owelty

owelty (oh-[schwa]l-tee).

1. Equality as achieved by a compensatory sum of money given after an exchange of parcels of land having different values or after an unequal partition of real property. [Cases: Partition 84. C.J.S. Partition §§ 3, 122.]

2. The sum of money so paid.

---

词条贡献者

双语律师Benita，国际知名法学院金融专业，擅长翻译各类与项目开发及融资相关的法律文件。