OWELT

1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  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.