Definition of Equity
Equity
eq·ui·ty
Definition/Meaning
(noun)
the quality of fairness and impartiality;
e.g. The company denied the accusations of the lack of gender equity in their workplace.
(noun)
the value of the shares owned by a company;
e.g. His son owns 49% equity in the company.
(noun)
a system of jurisprudence or a body of doctrines and rules that supplement common and statute law and are designed to protect rights and remedy the limitations of the common law;
e.g. The system of equity in law was developed in England, and it is also called chancery.
(noun)
the monetary value of a business or house after the deduction of mortgages or claims;
e.g. The equity of this property is in the millions, so it is a very popular property that everyone has their eyes on.
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