BETTER EQUITY
\bˈɛtəɹ ˈɛkwɪti], \bˈɛtəɹ ˈɛkwɪti], \b_ˈɛ_t_ə_ɹ ˈɛ_k_w_ɪ_t_i]\
Sort: Oldest first
-
In England this term has lately been adopted. In the case of Foster v. Blackston, the master of the rolls said, be could no where find in the authorities what in terms was a better equity, but on a reference to all the cases, he considered it might be thus defined: If a prior incumbrancer did not take a security which effectually protected him against any subsequent dealing to his prejudice, by the party who had the legal estate, a second incumbrancer, taking a security which in its nature afforded him that protection, had what might properly be called a better equity. 1 Ch. Pr. 470, note. Vide 4 Rawle, R. 144 3 Bouv. Inst. n. 2462.
By John Bouvier
