equity

1) A beneficial interest in an asset. For example, a person having a house worth £250, 000 with a mortgage of £100, 000 may be said to have an equity of £150, 000 in the house. See also negative equity
2) The net assets of a company after all creditors (including the holders of preference shares) have been paid off.
3) The amount of money returned to a borrower in a mortgage or hire-purchase agreement, after the sale of the specified asset and the full repayment of the lender of the money.
4) The ordinary share capital of a company (see equity capital).
5) The system of law developed by the medieval chancellors and later by the Court of Chancery. It is distinguished from the common law, which was developed by the king's courts, having originated from the residual jurisdiction delegated by the king to the chancellor. A citizen dissatisfied by the common law could petition the chancellor, who might grant relief on an ad-hoc basis. In time this developed into a complementary but separate system of law providing remedies unavailable at common law, such as specific performance of a contract rather than damages. Until 1873 equity was applied and administered by the Court of Chancery, and equitable remedies were not available in the common law courts (and vice versa). However, the Judicature Acts (1873; 1875) merged the two systems so that any court may now apply both common law and equity. If the two sets of rules contradict each other, the equitable rule prevails. Equity has been particularly important in the development of the law of trusts, land law, administration of estates, and alternative remedies for breach of contract. See also negative equity

Big dictionary of business and management. 2014.

Synonyms:
, / , , , , , , , / , (as distinguished from conformity to mere enactments or statutes), (as against its mere letter) /


Look at other dictionaries:

  • equity — eq·ui·ty / e kwə tē/ n pl ties [Latin aequitat aequitas fairness, justice, from aequus equal, fair] 1 a: justice according to fairness esp. as distinguished from mechanical application of rules prompted by considerations of equity comity between… …   Law dictionary

  • Equity — can refer to:General* Equity (law), a branch of jurisprudence in common law jurisdictions * In many political and legal systems, a concept encompassing ideals of justice (fairness) and/or equality * Equality, the philosophical ideal of valuing… …   Wikipedia

  • Equity — Eq ui*ty, n.; pl. {Equities}. [F. [ e]quit[ e], L. aequitas, fr. aequus even, equal. See {Equal}.] 1. 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… …   The Collaborative International Dictionary of English

  • equity — [ek′wit ē] n. pl. equities [ME equite < OFr équité < L aequitas, equality < aequus: see EQUAL] 1. fairness; impartiality; justice 2. anything that is fair or equitable ☆ 3. the value of property beyond the total amount owed on it in… …   English World dictionary

  • Equity —   [ ekwɪtɪ; englisch »Billigkeit«] die, , Recht: 1) im angloamerikanischen Recht Bezeichnung für Regeln zur Ergänzung des Common Law mit dem Ziel des Ausgleichs von Härten, ähnlich der Billigkeitsklausel in § 242 BGB; ursprünglich… …   Universal-Lexikon

  • Equity — bezeichnet Equity (Recht), im angloamerikanischen Recht Regeln zur Ergänzung des Common Law Eigenkapital, ein Teil der Passivseite der Bilanz Diese Seite ist eine Begriffsklärung zur Unterscheidung mehrerer mit demselben Wort …   Deutsch Wikipedia

  • Equity — остаточная стоимость счета по фьючерсным сделкам, если предположить его ликвидацию по текущей рыночной цене. См. также: Расчетные палаты Финансовый словарь Финам …   Финансовый словарь

  • equity — The value of a debtor s interest in property that remains after liens and other creditors interests are considered. (Example: If a house valued at $60,000 is subject to a $30,000 mortgage, there is $30,000 of equity.) (BankruptcyAction.com) This… …   Glossary of Bankruptcy

  • Equity — 1.) a ↑trade union in the UK for actors and actresses in film, theatre, TV, and radio 2.) a ↑trade union in the US for actors and actresses who perform in the theatre. Its full name is the Actor s Equity Association …   Dictionary of contemporary English

  • equity — [n1] impartiality disinterestedness, equitableness, even handedness, fair mindedness, fairness, fair play, honesty, integrity, justice, justness, nonpartisanship, piece, reasonableness, rectitude, righteousness, square deal*, uprightness;… …   New thesaurus

  • equity — early 14c., from O.Fr. equite (13c.), from L. aequitatem (nom. aequitas) equality, conformity, symmetry, fairness, from aequus even, just, equal (see EQUAL (Cf. equal)). As the name of a system of law, 1590s, from Roman naturalis aequitas, the… …   Etymology dictionary

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