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owelty

 

Definitions from the Web

Owelty

Noun

1. A sum of money paid by one person to another as compensation for an unequal division of property, especially in divorce settlements.

Sample sentence: In their divorce settlement, Mary agreed to pay John an owelty of $50,000.

Related products: Divorce Settlement Books

Noun

2. A form of legal claim against joint tenants' property in which a co-owner seeks compensation for an interest in the property that is being denied or hindered.

Sample sentence: Tom filed an owelty claim against his co-owners when they refused to acknowledge his rightful interest in the property.

Related products: Property Law Textbooks

Adjective

1. Popular; well-liked or admired by many people.

Sample sentence: The latest movie release has gained owelty status among fans of the genre.

Related products: Popular Movies

Adjective

2. Local; restricted or limited to a particular area or region.

Sample sentence: This café is known for its owelty delicacies, which can be found only in this city.

Related products: Local Cuisine Cookbooks

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