Dictionary

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Owelty

The difference paid or secured by one cotenant to another for the purpose of equalizing a partition of assets.

Owner Financing

A property purchase transaction in which the property seller provides all or part of the financing.

Owners And Contractors Protective Liability

Part of a Commercial General Liability policy that protects an owner or general contractor against liability arising out of the acts of contractors or subcontractors. It is also known as Independent Contractors Liability coverage.