MLchartDataset catalogue

Owelty

Term · Law · MLC-T-LAW-003596

A payment made to equalize the value of property received by co-owners when a property is partitioned. This monetary adjustment compensates one party for receiving a smaller or less valuable portion of the shared asset. Owelty is commonly used in divorce settlements or the division of inherited real estate.

Table 1. Record
IdentifierMLC-T-LAW-003596
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003596",
  "term": "Owelty",
  "field": "Law",
  "definition": "A payment made to equalize the value of property received by co-owners when a property is partitioned. This monetary adjustment compensates one party for receiving a smaller or less valuable portion of the shared asset. Owelty is commonly used in divorce settlements or the division of inherited real estate.",
  "url": "https://mlchart.com/terminology/law/owelty/"
}

Record 3,595 of 5,441 in Law terminology (MLC-0107). Request the full dataset.