equity
Language: English
Part of speech: noun
Pronunciation: ipa: /ˈɛk.wɪ.ti/
note: Indic
ipa: /i.kwɪʈ.i/
Forms: form: equities
form: æquity
form: equitie
Etymology: From Middle English equitee, equytee, from Old French equité, from Latin aequitās (“uniformity; impartiality; fairness”).
Senses: examples: text: Sufficeth what they in their graue wiſedoomes ſhall proſcribe, I in no ſorte will ſeeke to acquite, nor preſumptuouſly attempte to diſpute againſt the equity of their iudgementes, but humble and proſtrate appeale to their mercies.
ref: 1599, [Thomas] Nashe, Nashes Lenten Stuffe, […], London: […] [Thomas Judson and Valentine Simmes] for N[icholas] L[ing] and C[uthbert] B[urby] […], →OCLC, page 2:
antonyms: inequity
iniquity
glosses: Fairness, impartiality, or justice as determined in light of "natural law" or "natural right".
examples: text: 1800, Lloyd Kenyon, 1st Baron Kenyon in Mayor, &c. of Southampton v. Graves (1800), 8 T. R. 592.
A Court of equity knows its own province.
text: A Court of equity interposes only according to conscience.
ref: 1851, Edward Sugden, 1st Baron St Leonards in Birch v. Joy (1851), 3 H. L. C. 598
text: Equity had been gradually shaping itself into a refined science which no human faculties could master without long and intense application.
ref: 1848-55, Thomas Babington Macaulay, History of England, Chapter IX
topics: law
glosses: Various related senses originating with the Court of Chancery in late Medieval England
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.
examples: text: ...the mortgagor retains ‘equitable title’ or the ‘equity of redemption’….The equity of redemption permits the mortgagor to regain legal title to the mortgaged property upon satisfying the conditions of the mortgage...
ref: 1999, In Re Fitzgerald, 237 B.R. 252, 261 (Bkrtcy. D.Conn. 1999)
text: The wife's equity does not, according to the adjudged cases, attach, except upon that part of her personal property in action which the husband cannot acquire without the assistance of a court of equity
ref: 1826, James Kent, Commentaries on American Law:
topics: law
glosses: Various related senses originating with the Court of Chancery in late Medieval England
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.
topics: law
glosses: Various related senses originating with the Court of Chancery in late Medieval 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.
examples: text: I have a lot of equity in my house.
topics: business
finance
law
glosses: Various senses related to net value
Value of property minus liens or other encumbrances.
examples: text: Private-equity nabobs bristle at being dubbed mere financiers. Piling debt onto companies’ balance-sheets is only a small part of what leveraged buy-outs are about, they insist. Improving the workings of the businesses they take over is just as core to their calling, if not more so. Much of their pleading is public-relations bluster.
ref: 2013 June 22, “Engineers of a different kind”, in The Economist, volume 407, number 8841, page 70:
topics: business
finance
glosses: Various senses related to net value
Ownership, especially in terms of net monetary value of some business.
topics: accounting
business
finance
glosses: Various senses related to net value
Ownership interest in a company as determined by subtracting liabilities from assets.
topics: business
card-games
finance
poker
glosses: Various senses related to net value
A player's expected share of the pot.
examples: text: What steps the Government are taking to help ensure equity of opportunity for people from low-income families.
ref: 2020 July 22, Ben Bradley, “Low-income Families: Equity of Opportunity”, in parliamentary debates (House of Commons), column 2139:
glosses: Equality
Coordinate terms: sense: as stock in a company
word: bonds
sense: in various financial and economic subsenses
word: debt
Derived terms: brand equity
court of equity
dequity
equitize
equity fund
equity language
equitylike
equity of redemption
equity share
fold equity
guaranteed equity bond
home equity
negative equity
non-equity
nonequity
owner's equity
ownership equity
private equity
sweat equity
unequity
Related terms: equitable