Owelty
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
Equality
This word is used in law in several compound plirases, aa follows: 1. Owelty of partition is a sum of money paid by one of two coparceners or co-tenants to the other, when a partition has been effected between them, but, the land not being susceptible of division into exactly equal shares, Buch payment is required to make the portions respeclively assigned to them of equal value.
2.
In the feudal law, when there is lord, mesne, and tenant, and the tenant holds the mesne by the same service that the mesne holds over the lord above him, this was called “owe:ty of services.”
Tomlins. 3.
Owelty of exchange is asum of money given, when two persons have exchanged lands, by the owner of the less valuable estate to the owner of the more valuable, to equalize the exehange.