from
Bouvier's Law Dictionary, Revised 6th Ed (1856)
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.