Definitions of equity

  1. the difference between the market value of a property and the claims held against it
  2. the ownership interest of shareholders in a corporation
  3. Equality of rights; natural justice or right; the giving, or desiring to give, to each man his due, according to reason, and the law of God to man; fairness in determination of conflicting claims; impartiality.
  4. An equitable claim; an equity of redemption; as, an equity to a settlement, or wife's equity, etc.
  5. A system of jurisprudence, supplemental to law, properly so called, and complemental of it.
  6. Justice; just regard to right or claim; impartiality.
  7. Justice; impartiality; the giving or desiring to give to each man his due. " With righteousness shall he judge the world, and the people with equity."- Ps. xcviii. 9: in law, an equitable claim. " I consider the wife's equity to be too well settled to be shaken."- Kent: a term about which, when applied to a scheme of jurisprudence, there is some confusion. Its three leading senses are distinguished thus; ( a) taken broadly, equity means the doing unto all men as we would that they should do unto us; ( b) in a narrower sense, equity is used in contradistinction to strict law; it expounds and limits the language of the positive laws, and construes them, not according to their strict letter, but rather in their reasonable and benignant spirit; ( c) in the sense in which it is to be understood as the substantial justice expounded by all courts of equity, it is the system of supplemental law administered in these, founded upon defined rules, recorded precedents, and established principles, the judges, however, liberally expounding and developing them to meet new exigencies. While it aims to assist the defects of the common law, by extending relief to those rights of property which the strict law does not recognize, and by giving more ample and distributive redress than the ordinary tribunals afford, equity by no means either controls, mitigates, or supersedes the common law, but rather guides itself by its analogies, and does not assume any power to subvert its doctrines. The Court of Chancery was formerly in England the especial court of equity, but large powers were by the Judicature Act of 1873 given to all the divisions of the Supreme Court to administer equity, although many matters of equitable jurisdiction are still left to the chancery division in the first instance. In the U. S. the circuit and county courts have original jurisdiction in most chancery or equity cases, wherein remedies and reliefs are sought which the rigid enforcement of the statutes, in civil cases, would preclude. " Equity is a roguish thing; for law, we have a measure, know what to trust to: equity is according to the conscience of him that is chancellor, and, as that is larger or narrower, so is equity."- Selden.
  8. Equitable.
  9. Fairness; impartiality; equal justice.
  10. What is right in the eye of justice; justice; the correction of law, when too severe or defective by considerations of justice; the extension of the words of the law to cases not expressed, yet coming within the reason of the law. Equity of redemption, the advantage, allowed to a mortgager, of a reasonable time to redeem lands mortgaged.

Usage examples for equity

  1. It's all law- law- law- nothing but law- the question of equity and justice is completely lost sight of in the chaos of procedure- the letter of the law is there, but the spirit is wanting! – John Marsh's Millions by Charles Klein Arthur Hornblow
  2. I may have erred- but who amongst ye will not acknowledge the equity of self- preservation? – The Last Days of Pompeii by Edward George Bulwer-Lytton
  3. Their leaders now pretend to work upon the Great Scale; they demand everything on the spot upon their own interpretation of equity. – The Complete Project Gutenberg Works of George Meredith by George Meredith
  4. The enemy uses the moment for hostility, without the least regard to your future dispositions of equity and conciliation. – The Works of the Right Honourable Edmund Burke, Vol. V. (of 12) by Edmund Burke
  5. They accordingly delegate to this tribunal the power which lies in them collectively of making rules of international law, and they prospectively declare themselves at one with regard to the rules which the tribunal shall declare to be binding in the name of justice and equity. – The Future of International Law by Lassa Oppenheim
  6. Requital, redemption, amends, equity, explanation, pity and mercy, are words without a meaning here. – A Study of Shakespeare by Algernon Charles Swinburne
  7. The Government having placed these people rightfully upon these lands, and they having expended their labor upon them, they had a right to be protected in their possessions, for some length of time after peace, on the principle of equity. – History of the Thirty-Ninth Congress of the United States by Wiliam H. Barnes
  8. As pro- consul he governed Africa wisely, and in later years showed the same equity in Nearer Spain. – Tacitus: The Histories, Volumes I and II by Caius Cornelius Tacitus
  9. The Treasurer and Benchers of the Inner Temple, on the 18th of May, 1870, had entertained with much splendour His Royal Highness the Prince of Wales, His Royal Highness the Prince Christian, the Lord Chancellor, the Speaker of the House of Commons, the Lord Chief Justice of England, the Judges in Equity and at Common Law, the Queen's Counsel, the Chancellor of the Exchequer, and a very distinguished company, to celebrate the inauguration of the new Hall, which had been formally opened by Her Royal Highness the Princess Louise a few days before. – Speeches and Addresses of H. R. H. the Prince of Wales: 1863-1888 by Edward VII
  10. The author says then: Here is a clear and full parliamentary declaration, that by the antient law and Constitution of England, founded on principles of reason, equity, and good conscience, the allegiance of the subject is due to the King for the time being, and to him alone. – Trial of the Officers and Crew of the Privateer Savannah, on the Charge of Piracy, in the United States Circuit Court for the Southern District of New York by A. F. Warburton
  11. We discovered that the Irish railways were, in equity, entitled to more than the scheme awarded them, and Mr. Alcorn, the Accountant of the Great Southern and Western Railway, discovered the way to set the matter right; but it could not be righted without the consent of the Parcel Post Conference, a body which sat at the Railway Clearing House in London, and was composed of the managers of all the railways parties to the parcel post scheme, some eighty or so in number. – Fifty Years of Railway Life in England, Scotland and Ireland by Joseph Tatlow
  12. The German people, united in its races, and inspired by the will to restore and reinforce its Realm in liberty and equity, to ensure peace, both inward and outward, and to further social progress, has accorded itself this Constitution. – The New Germany by George Young
  13. Such was equity practice in those days. – Witchcraft of New England Explained by Modern Spiritualism by Allen Putnam
  14. Cecilia put on the argumentative air of a Court of Equity to discuss the point with him. – The Complete Project Gutenberg Works of George Meredith by George Meredith
  15. Since the Allies practically have a monopoly on the American money sent abroad for war purposes, let us briefly look at the equity behind the Thing known as National Honour. – The War After the War by Isaac Frederick Marcosson
  16. Is equity more than a word indeed? – A Midsummer Holiday and Other Poems by Algernon Charles Swinburne
  17. For, in many instances, they keep up an appearance of justice and equity, at the same time that, in truth, they act in direct opposition to all the known laws of justice and equity. – Life in the Grey Nunnery at Montreal by Sarah J Richardson