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Meaning of EQUITY

Pronunciation:  'ekwitee

 
WordNet Dictionary
 
 Definition: 
  1. [n]  conformity with rules or standards; "the judge recognized the fairness of my claim"
  2. [n]  the ownership interest of shareholders in a corporation
  3. [n]  the difference between the market value of a property and the claims held against it
 

EQUITY is a 6 letter word that starts with E.

 

 Synonyms: fairness
 
 Antonyms: inequity, unfairness
 
 See Also: assets, interest, justice, justness, non-discrimination, sportsmanship, stake, sweat equity

 

 

Webster's 1913 Dictionary
 
 Definition: 
\Eq"ui*ty\, n.; pl. {Equities}. [F. ['e]quit['e], L.
aequitas, fr. aequus even, equal. See {Equal}.]
1. 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.

         Christianity secures both the private interests of
         men and the public peace, enforcing all justice and
         equity.                               --Tillotson.

2. (Law) 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.                         --Kent.

3. (Law) A system of jurisprudence, supplemental to law,
   properly so called, and complemental of it.

         Equity had been gradually shaping itself into a
         refined science which no human faculties could
         master without long and intense application.
                                               --Macaulay.

Note: Equitable jurisprudence in England and in the United
      States grew up from the inadequacy of common-law forms
      to secure justice in all cases; and this led to
      distinct courts by which equity was applied in the way
      of injunctions, bills of discovery, bills for specified
      performance, and other processes by which the merits of
      a case could be reached more summarily or more
      effectively than by common-law suits. By the recent
      English Judicature Act (1873), however, the English
      judges are bound to give effect, in common-law suits,
      to all equitable rights and remedies; and when the
      rules of equity and of common law, in any particular
      case, conflict, the rules of equity are to prevail. In
      many jurisdictions in the United States, equity and
      common law are thus blended; in others distinct equity
      tribunals are still maintained. See {Chancery}.

{Equity of redemption} (Law), the advantage, allowed to a
   mortgageor, of a certain or reasonable time to redeem
   lands mortgaged, after they have been forfeited at law by
   the nonpayment of the sum of money due on the mortgage at
   the appointed time. --Blackstone.

Syn: Right; justice; impartiality; rectitude; fairness;
     honesty; uprightness. See {Justice}.

 
Legal Dictionary
 
 Definition: Justice administered according to fairness; the spirit or habit of fairness in dealing with other persons.
 
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