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Equity   /ˈɛkwəti/   Listen
noun
Equity  n.  (pl. equities)  
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."
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."
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." 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.
Synonyms: Right; justice; impartiality; rectitude; fairness; honesty; uprightness. See Justice.






Collaborative International Dictionary of English 0.48








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"Equity" Quotes from Famous Books



... the reported savings bank deposits. In the last twenty years life insurance assets have more than doubled in each decade, and are now increasing by about a quarter of a billion dollars every year.[7] These great funds, which in equity nearly all belong to the policyholders, form already approximately one thirtieth of all the private capital of the country. They are invested in many ways, in real estate, in loans secured by mortgages on real estate, in bonds—municipal, railroad, and industrial. The problem of wise legislation ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter

... hoisted the boat out to tow the Sloop about, and all the Sloop's men, being 18, got into her and Run ashore, bidding defiance to my people's fireing."—Admiralty Records 1. 1473—Capt. Bouler, H.M.S. Argyle, 18 Feb. 1725-6.] and common equity demanded that in their absence ample provision should be made for the safety of vessels suddenly disabled by the gang. This the Admiralty undertook to do, and hence there grew up that appendage to the impress afloat generally known as "men in lieu" ...
— The Press-Gang Afloat and Ashore • John R. Hutchinson

... his sacred and venerable habit, would clothe himself with piety, goodness, gentleness, long-suffering, charity, temperance, contempt of filthy lucre, and other godlike qualifications of his office; that the judge, at the time he puts on his ermined robes, would put on righteousness and equity as an upper garment, with an integrity of mind more white and spotless than the fairest ermine; that the grave physician, when he puts on his large perriwig, would put under it the knowledge of the human frame, of the virtues and effects of his medicines, ...
— The Surprising Adventures of Bampfylde Moore Carew • Unknown

... dominant in some sectors, particularly power, public transport, and defense industries. The telecommunications sector is gradually being opened to competition. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. The current government has lowered income taxes and introduced measures to boost employment, but has done ...
— The 2002 CIA World Factbook • US Government

... affair of the refraction shall be regulated in all equity and justice, by the magistrates of cities respectively, where it shall be judged that there is any room to ...
— The Medallic History of the United States of America 1776-1876 • J. F. Loubat


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