equity
/ˈɛk.wɪ.ti/ nom B2En français : impartialité, solidarité, action, capitaux propres
- Fairness, impartiality, or justice as determined in light of "natural law" or "natural right".
- The power of a court of law having extra-statutory discretion, to decide legal matters and to provide legal relief apart from, though not in violation of, the prevailing legal code; in some cases, a court "sitting in equity" may provide relief to a complainant should the code be found either inapplicable or insufficient to do so. · 1800, Lloyd Kenyon, 1st Baron Kenyon in Mayor, &c. of Southampton v. Graves (1800), 8 T. R. 592. A Court of equity knows its own province.
- A right which accrues to a party in a transaction because of the nature of the transaction itself, and which is exercisable upon a change of circumstances or conditions; in other words, an equitable claim.
- The body of law which was developed in the English Court of Chancery, which Court had extra-statutory discretion, and is now administered alongside the common law of Britain.
- Value of property minus liens or other encumbrances. · I have a lot of equity in my house.
- Ownership, especially in terms of net monetary value of some business.
- Ownership interest in a company as determined by subtracting liabilities from assets.
- A player's expected share of the pot.
Pluriel equities
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