Definitions from Wiktionary (equity)

▸ noun:  Fairness, impartiality, or justice as determined in light of "natural law" or "natural right".
▸ noun:  (law) Various related senses originating with the Court of Chancery in late Medieval England
▸ noun:  (law) The power of a court of law having extra-statutory discretion, to decide legal matters and to provide legal relief apart from, though not in violation of, the prevailing legal code; in some cases, a court "sitting in equity" may provide relief to a complainant should the code be found either inapplicable or insufficient to do so.
▸ noun:  (law) A right which accrues to a party in a transaction because of the nature of the transaction itself, and which is exercisable upon a change of circumstances or conditions; in other words, an equitable claim.
▸ noun:  (law, England) The body of law which was developed in the English Court of Chancery, which Court had extra-statutory discretion, and is now administered alongside the common law of Britain.
▸ noun:  (finance) Various senses related to net value
▸ noun:  (law, finance) Value of property minus liens or other encumbrances.
▸ noun:  (business) Ownership, especially in terms of net monetary value of some business.
▸ noun:  (accounting) Ownership interest in a company as determined by subtracting liabilities from assets.
▸ noun:  (poker) A player's expected share of the pot.
▸ noun:  (nonstandard) Equality
▸ Also see equity



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