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Owelty

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OWELTY. The difference which is paid or secured by one coparcener to another, for the purpose of equalizing a partition. Hugh. Ab. Partition and Partner, Sec. 2, n. 8; Litt. s. 251; Co. Litt. 169 a; 1 Watts, R. 265; 1 Whart. 292; 3 Penna, 11 5; Cruise, Dig. tit. 19, Sec. 32; Co. Litt. 10 a; 1 Vern. 133; Plow. 134; 16 Vin. Ab. 223, pl. 3; Bro. Partition; Sec. 5. OWING. Something unpaid. A debt, for example, is owing while it is unpaid, and whether it be due or not.
     2. In affidavits to hold to bail it is usual to state that the debt on which the action is founded is due, owing and unpaid. 1 Penn. Law Jo. 210.



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276) Accordingly, such countries pay careful attention to ensuring that each party gets a fair share using the mechanism of owelty payments.
The second appeal before the Ninth Circuit was called the owelty case.
 
 
 
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