legal and equity claim definition
The legal definition of Equity is A branch of English law which developed hundreds of years ago when litigants would go to the King and complain of harsh or inflexible rules of common law which prevented justice from prevailing.
Related Legal Terms & Definitions. 1  CLAIM A claim is a challenge of the ownership of a thing which a man hasâ¦. 2  ORIGINAL WRIT practice, English law. 3  STATEMENT pleading and in practice. 4  PLENARY Full, complete. 5  DECREE practice. 6  INTERPLEADER When two or more persons claim the same thing (or fund) of a third, andâ¦.