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Simple English definitions for legal terms

Owelty

Read a random definition: barones scaccarii

A quick definition of Owelty:

Term: Owelty

Definition: Owelty is a charge that makes sure everyone gets a fair share of property. Sometimes, when people own property together, it's hard to split it up into equal parts. Owelty is the money one person pays to the other person to make up for the difference in value. It's like sharing a pizza and making sure everyone gets the same amount of toppings.

A more thorough explanation:

Definition: Owelty is a charge that equalizes the value of real estate when it cannot be divided into equal parts. It is the amount paid to another party to make up for the difference in value so that each party receives an equal share of the property.

For example, if two siblings inherit a piece of land and one part of the land has a higher value due to its location or resources, they may decide to sell the land and split the proceeds. However, if they cannot agree on how to divide the land equally, they may use owelty to compensate for the difference in value.

Another example is when a married couple divorces and they own a property together. If the property cannot be divided into equal parts, one spouse may pay owelty to the other to make up for the difference in value.

These examples illustrate how owelty is used to ensure that each party receives an equal share of the property, even when it cannot be divided equally.

Overt act | own recognizance (OR)

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Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
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