owelty

noun

ow·​el·​ty

ˈō-əl-tē

plural owelties

: a lien created or a pecuniary sum paid by order of the court to effect an equitable partition of property (as in divorce) when such a partition in kind would be impossible, impracticable, or prejudicial to one of the parties

an owelty award

Word History

Etymology

Anglo-French oelté equality, from Latin aequalitat-, aequalitas