owelty (english) - meaning, definition, translation, pronunciation

Part of Speech

Noun

Phonetic Transcription

/ˈaʊəlti/

Meaning and Usage

Owelty is a legal term that refers to a monetary payment made in the division of property. This term is commonly used in the context of family law and property disputes, particularly when dividing assets among heirs or in divorce settlements. Its frequency of use is more common in formal written contexts, such as legal documents, rather than in everyday oral conversation.

Example Sentences

1. The court ordered an owelty to ensure that both parties received the fair market value of the property.

2. Суд обязал выплатить оулти, чтобы обе стороны получили справедливую рыночную стоимость собственности.

3. After evaluating the assets, the judge determined an appropriate owelty for the division of the estate.

4. После оценки активов судья определил соответствующее оулти для дележа наследства.

5. The couple agreed that an owelty would be the best solution to resolve their property dispute amicably.

6. Пара согласилась, что оулти будет лучшим решением для мирного разрешения их имущественного спора.

Idiomatic Expressions

While "owelty" itself is not commonly associated with idiomatic expressions, it can be linked to various legal and financial sayings concerning property division and ownership rights. Below are examples based on themes relevant to "owelty":

1. "Split assets down the middle"
   The divorce settlement was fair, as they agreed to split the assets down the middle.

2. Разводное соглашение было справедливым, так как они согласились разделить активы пополам.

3. "Fair share"
   In the estate dispute, each heir insisted on receiving their fair share of the inheritance.

4. В наследственном споре каждый наследник настаивал на получении своей справедливой доли наследства.

5. "Divvy up"
   They decided to divvy up the belongings after the separation to avoid any complications with owelty payments.

6. Они решили разделить имущество после раздельного проживания, чтобы избежать каких-либо осложнений с выплатами оулти.

7. "Asset division"
   The negotiations were tough, but they finally reached an agreement on the asset division.

8. Переговоры были сложными, но они наконец достигли соглашения по дележу активов.

9. "In the interest of fairness"
   In the interest of fairness, they agreed to a thorough assessment before deciding on the owelty.

10. В интересах справедливости они согласились на тщательную оценку перед принятием решения по оулти.

Etymology

The term "owelty" comes from the legal concept of equitable distribution. While its origin is rooted in the field of law, it combines elements from Old English “owelty” meaning "to weigh" or "to value," indicating the importance of assessing worth in property division contexts.

Synonyms and Antonyms

Synonyms: - Compensation - Settlement - Division

Antonyms: - Inequity - Disparity - Unfairness