Levelling
/ˈlɛvəlɪŋ/
Definitions
- (n.) The process of bringing a property or asset to a uniform level, especially in surveying or land measurement in legal and property contexts.
The levelling of the land was necessary before the property development could proceed.
- (n.) Adjustment or equalization of accounts or claims between parties to achieve fairness or to account for differences.
The contract included levelling provisions to balance the payments between the parties.
Related terms
See also
Commentary
In legal drafting, specify the context of 'levelling' to avoid ambiguity, as it can refer to both physical land adjustments and financial equalizations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.