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Definition of "equity" []

  • The state, quality, or ideal of being just, impartial, and fair. (noun)
  • Something that is just, impartial, and fair. (noun)
  • Law Justice applied in circumstances covered by law yet influenced by principles of ethics and fairness. (noun)
  • Law A system of jurisprudence supplementing and serving to modify the rigor of common law. (noun)
  • Law An equitable right or claim. (noun)
  • The quality of being impartial or reasonable; fairness (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

  • An impartial or fair act, decision, etc (noun)
  • A system of jurisprudence founded on principles of natural justice and fair conduct. It supplements the common law and mitigates its inflexibility, as by providing a remedy where none exists at law (noun)
  • An equitable right or claim (noun)
  • The interest of ordinary shareholders in a company (noun)
  • The market value of a debtor's property in excess of all debts to which it is liable (noun)

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Use "equity" in a sentence
  • "Major Abbot said, "people err greatly in reference to my court -- some think it is a court of law -- _but it is not a court of law_; some think it is a court of equity -- _but it is not a court of equity_."
  • "But, an increase in equity is of little value to a homeowner, unless the homeowner decides to convert that equity to cash by selling the property (or using it as loan collateral)."
  • "I bought by house four years ago with 5% down, and I think my equity is about equal to the brokerage fee."