Lizet Elaine (simplyn2deep) wrote in 1_million_words,
Lizet Elaine

Word of the Day 06/19/19 Equity

Equity (noun)
equity [ ek-wi-tee ]

noun, plural eq·ui·ties.
1. the quality of being fair or impartial; fairness; impartiality: the equity of Solomon.
2. something that is fair and just: the equities of our criminal-justice system.
3. Law.
a. Also called chancery. the application of the dictates of conscience or the principles of natural justice to the settlement of controversies.
b. Also called chancery. a system of jurisprudence or a body of doctrines and rules developed in England and followed in the U.S., serving to supplement and remedy the limitations and the inflexibility of the common law.
c. an equitable or legally valid right or claim.
d. equity of redemption.
4. the monetary value of a property or business beyond any amounts owed on it in mortgages, claims, liens, etc.: Over the years, they have carefully avoided tapping into their home equity for unnecessary expenses.
5. Informal. ownership, especially when considered as the right to share in future profits or appreciation in value.
6. the interest of the owner of common stock in a corporation.
7. (in a margin account) the excess of the market value of the securities over any indebtedness.
8. (initial capital letter) Actors' Equity Association.

fairness, investment, capital, righteousness, honesty, justice, uprightness, justness, disinterestedness, piece, integrity, rectitude, reasonableness, outlay, equitableness

See more synonyms on

Origin: 1275–1325; Middle English equite < Latin aequitās. See equi-, -ty

Now YOU come up with a sentence (or fic? or graphic?) that best illustrates the word.
Tags: daily: word of the day
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