equity

Plural: equities

Noun

• The quality of being fair and impartial; fairness.
• the difference between the market value of a property and the claims held against it
• the ownership interest of shareholders in a corporation
• conformity with rules or standards
• Fairness, impartiality, or justice as determined in light of "natural law" or "natural right".
• Various related senses originating with the Court of Chancery in late Medieval England
• 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.
• Various related senses originating with the Court of Chancery in late Medieval England
• 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.
• Various related senses originating with the Court of Chancery in late Medieval 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.
• Various senses related to net value
• Value of property minus liens or other encumbrances.
• Various senses related to net value
• Ownership, especially in terms of net monetary value of some business.
• Various senses related to net value
• Ownership interest in a company as determined by subtracting liabilities from assets.
• Various senses related to net value
• A player's expected share of the pot.
• Equality

Examples

• I have a lot of equity in my house.
• Players often debate the equity of certain tile distributions in Words With Friends.

Synonyms

fairness

Antonyms

inequity, unfairness, iniquity

Related Words

equitable