equity
/ˈɛkwɪti/
noun
- Fairness and justice; the quality of being impartial.
- The new policy was designed to promote equity among all employees.
- We believe in equity, not just equality, because different people need different support.
- The judge's decision was based on principles of equity and common sense.
- The value of an asset after subtracting any debts or liabilities; ownership interest.
- He used the equity in his car to get a loan.
- After paying off the mortgage, they had $100,000 in home equity.
- The company sold equity to investors to raise money for expansion.
- A system of law that provides fair remedies when common law is too rigid.
- Equity developed in England to correct the harshness of common law.
- The lawyer argued that equity required the contract to be enforced.
- The court of equity can order someone to do something, not just pay money.
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