noun, plural eq·ui·ties.
- Also called chancery. the application of the dictates of conscience or the principles of natural justice to the settlement of controversies.
- 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.
- an equitable or legally valid right or claim.
- equity of redemption.
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historical usage of equity
It was not until the late 16th century that a new meaning—one that placed equity in the arena of law—emerged. Perhaps because many of the usages of equity involved legal disputes over rights and claims of ownership, by the turn of the 20th century, the word started being used in another sector: finance. It was at this point that terms such as “home equity” and “equity loan” became common finance terms. At the same time, equity started popping up in terms of stock and asset ownership.
In 1913, a small group of actors founded the labor union, Actors’ Equity Association—proof that the original sense of equity was still very much alive. This union, often referred to simply as “Equity” (with a capital E), fights for the rights of actors in the spirit of equity’s Latin roots.
Quotations related to equity
- "Made a judge, and the judge of an adored woman, he found in his soul the equity of a judge as well as the inflexibility."-Honoré de Balzac transl. by Katharine Prescott Wormeley Farragus: Chief of the Dévorants (1895)
- "[H]ome equity borrowing has enormous disadvantages. Home, sweet home is the collateral. If you fall behind on payments, the bank could take it."-Mark Green, Nancy Youman The Consumer Bible: 1001 Ways to Shop Smart (1998)
- "Equity represents ownership in the firm and consists of retained profits and shares issued either privately or through a stock market."-Robert Y. Redlinger, Per Dannemand Andersen, Poul Erik Morthorst Wind Energy in the 21st Century (2002)
- "Equity insisted that striking actors be allowed to return to the positions they held at the time of the walkout."-Matthew Kennedy Marie Dressler: a A Biography (1999)
Words nearby equity
Example sentences from the Web for equity
Bonus Tip: Be aware of Equity Crowdfunding Coming to a Portal Near You!
But it seems there was another "Joe Lane" in Equity, so the young actor had to make a quick decision.New York’s Greatest Show Or How They Did Not Screw Up ‘Guys and Dolls’|Ross Wetzsteon|April 6, 2014|DAILY BEAST
To purchase this equity interest, Usmanov needed $319 million.
Today, I run a China-focused equity research firm based in New York, called JL Warren Capital.China’s Schools Teaches Kids to Take Tests, Obey the State, and Not Much More|Junheng Li|November 30, 2013|DAILY BEAST
Social change, justice, equity, and low-impact lifestyles matter little to them.
The Queen's speech contained no decided feature beyond recommending a reform in the administration of the Courts of Equity.
Coyle Pardon me, the legal estate you have your equity of redemption.Our American Cousin|Tom Taylor
In his inmost soul it was his inmost aspiration to be an agent for enthroning here on earth the equity of God.Abraham Lincoln's Cardinal Traits;|Clark S. Beardslee
He designed a mixture of justice, equity, and mercy; only he left out the first two ingredients.
Indeed, whatever be the immediate subject of a jurisconsult of this epoch, he may always be called an expositor of Equity.Ancient Law|Sir Henry James Sumner Maine
British Dictionary definitions for equity (1 of 2)
noun plural -ties
Word Origin for equity
British Dictionary definitions for equity (2 of 2)
Cultural definitions for equity (1 of 2)
Cultural definitions for equity (2 of 2)
In real estate, the financial value of someone's property over and above the amount the person owes on mortgages. For example, if you buy a house for $100,000, paying $20,000 down and borrowing $80,000, your equity in the house is $20,000. As you pay off the principal of the loan, your equity will rise.