equity
/ˈɛk.wɪ.ti/ noun
Forms equities æquity equitie
- noun Fairness, impartiality, or justice as determined in light of "natural law" or "natural right".
- noun (law) The power of a court of law having extra-statutory discretion, to decide legal matters and to provide legal relief apart from, though not in violation of, the prevailing legal code; in some cases, a court "sitting in equity" may provide relief to a complainant should the code be found either inapplicable or insufficient to do so.
- noun (law) A right which accrues to a party in a transaction because of the nature of the transaction itself, and which is exercisable upon a change of circumstances or conditions; in other words, an equitable claim.
- noun (law, England) The body of law which was developed in the English Court of Chancery, which Court had extra-statutory discretion, and is now administered alongside the common law of Britain.
- noun (law, finance) Value of property minus liens or other encumbrances. “I have a lot of equity in my house.”
- noun (business) Ownership, especially in terms of net monetary value of some business.
- noun (accounting) Ownership interest in a company as determined by subtracting liabilities from assets.
- noun (poker) A player's expected share of the pot.
Synonyms
Antonyms
Etymology
From Middle English equitee, equytee, from Old French equité, from Latin aequitās (“uniformity; impartiality; fairness”).
Webster’s 1913
- noun Equality of rights; natural justice or right; the giving, or desiring to give, to each man his due, according to reason, and the law of God to man; fairness in determination of conflicting claims; impartiality.
- noun An equitable claim; an equity of redemption; as, an equity to a settlement, or wife's equity, etc. I consider the wife's equity to be too well settled to be shaken.
Etymology [F. équité, L. aequitas, fr. aequus even, equal. See Equal.]
Sources: Wiktionary · WordNet 3.0 · Webster’s 1913 — from the Wiktionary entry “equity”, CC BY-SA 4.0. Details