Definition of equity

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< equitation

equity of redemption >

eq·ui·ty    (kw-t) KEY  

NOUN:
pl. eq·ui·ties

1. The state, quality, or ideal of being just, impartial, and fair.
2. Something that is just, impartial, and fair.
3. Law
   1. Justice applied in circumstances covered by law yet influenced by principles of ethics and fairness.
   2. A system of jurisprudence supplementing and serving to modify the rigor of common law.
   3. An equitable right or claim.
   4. Equity of redemption.
4. The residual value of a business or property beyond any mortgage thereon and liability therein.
5. 1. The market value of securities less any debt incurred.
   2. Common stock and preferred stock.
6. Funds provided to a business by the sale of stock.

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ETYMOLOGY:
Middle English equite, from Old French, from Latin aequits, from aequus, even, fair

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