equity: Meaning and Definition of
Pronunciation: (ek'wi-tē), [key]
— pl. -ties.
- the quality of being fair or impartial; fairness; impartiality: the equity of Solomon.
- something that is fair and just.
- the application of the dictates of conscience or the principles of natural justice to the settlement of controversies.
- a system of jurisprudence or a body of doctrines and rules developed in England and followed in the U.S., serving to supplement and remedy the limitations and the inflexibility of the common law.
- an equitable right or claim.
- an equity of redemption.
- the monetary value of a property or business beyond any amounts owed on it in mortgages, claims, liens, etc.
- ownership, esp. when considered as the right to share in future profits or appreciation in value.
- the interest of the owner of common stock in a corporation.
- (in a margin account) the excess of the market value of the securities over any indebtedness.
- (cap.) See
- equity (Thesaurus)