equity
IPA: ˈɛkwʌti
noun
- Fairness, impartiality, or justice as determined in light of "natural law" or "natural right".
- (law) Various related senses originating with the Court of Chancery in late Medieval England
- (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.
- (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.
- (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.
- (finance) Various senses related to net value
- (law, finance) Value of property minus liens or other encumbrances.
- (business) Ownership, especially in terms of net monetary value of some business.
- (accounting) Ownership interest in a company as determined by subtracting liabilities from assets.
- (poker) A player's expected share of the pot.
- (nonstandard) Equality
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Examples of "equity" in Sentences
- Equal treatment is a matter of equity.
- Owner equity is the foundation of the business.
- Dreier was the sole equity partner of the firm.
- Equity is the communal ownership of all the assets.
- The Chancery court was the common law court in equity.
- Equity was introduced to mitigate the rigour of the law.
- Financial activities affect the equity capital of the company.
- From the standpoint of equity the ground for criticism was equally plain.
- From the standpoint of equity, the ground for criticism was equally plain.
- Fred Kessler was the founder and majority equity holder in the corporation.
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