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.

[Blacks Law 8th]