Equity
Equity 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. [1913 Webster]

Christianity secures both the private interests of men and the public peace, enforcing all justice and equity. --Tillotson. [1913 Webster]

2. (Law) An equitable claim; an equity of redemption; as, an equity to a settlement, or wife's equity, etc. [1913 Webster]

I consider the wife's equity to be too well settled to be shaken. --Kent. [1913 Webster]

3. (Law) A system of jurisprudence, supplemental to law, properly so called, and complemental of it. [1913 Webster]

Equity had been gradually shaping itself into a refined science which no human faculties could master without long and intense application. --Macaulay. [1913 Webster]

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}. [1913 Webster]

{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}. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Synonyms:
, / , , , , , , , / , (as distinguished from conformity to mere enactments or statutes), (as against its mere letter) /


Look at other dictionaries:

  • equity — eq·ui·ty / e kwə tē/ n pl ties [Latin aequitat aequitas fairness, justice, from aequus equal, fair] 1 a: justice according to fairness esp. as distinguished from mechanical application of rules prompted by considerations of equity comity between… …   Law dictionary

  • Equity — can refer to:General* Equity (law), a branch of jurisprudence in common law jurisdictions * In many political and legal systems, a concept encompassing ideals of justice (fairness) and/or equality * Equality, the philosophical ideal of valuing… …   Wikipedia

  • equity — [ek′wit ē] n. pl. equities [ME equite < OFr équité < L aequitas, equality < aequus: see EQUAL] 1. fairness; impartiality; justice 2. anything that is fair or equitable ☆ 3. the value of property beyond the total amount owed on it in… …   English World dictionary

  • Equity —   [ ekwɪtɪ; englisch »Billigkeit«] die, , Recht: 1) im angloamerikanischen Recht Bezeichnung für Regeln zur Ergänzung des Common Law mit dem Ziel des Ausgleichs von Härten, ähnlich der Billigkeitsklausel in § 242 BGB; ursprünglich… …   Universal-Lexikon

  • Equity — bezeichnet Equity (Recht), im angloamerikanischen Recht Regeln zur Ergänzung des Common Law Eigenkapital, ein Teil der Passivseite der Bilanz Diese Seite ist eine Begriffsklärung zur Unterscheidung mehrerer mit demselben Wort …   Deutsch Wikipedia

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  • equity — The value of a debtor s interest in property that remains after liens and other creditors interests are considered. (Example: If a house valued at $60,000 is subject to a $30,000 mortgage, there is $30,000 of equity.) (BankruptcyAction.com) This… …   Glossary of Bankruptcy

  • Equity — 1.) a ↑trade union in the UK for actors and actresses in film, theatre, TV, and radio 2.) a ↑trade union in the US for actors and actresses who perform in the theatre. Its full name is the Actor s Equity Association …   Dictionary of contemporary English

  • equity — [n1] impartiality disinterestedness, equitableness, even handedness, fair mindedness, fairness, fair play, honesty, integrity, justice, justness, nonpartisanship, piece, reasonableness, rectitude, righteousness, square deal*, uprightness;… …   New thesaurus

  • equity — early 14c., from O.Fr. equite (13c.), from L. aequitatem (nom. aequitas) equality, conformity, symmetry, fairness, from aequus even, just, equal (see EQUAL (Cf. equal)). As the name of a system of law, 1590s, from Roman naturalis aequitas, the… …   Etymology dictionary

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