equity
//ˈɛkwɪti//
Noun
equitySingular
equitiesPlural
1
The quality of being fair and impartial; fairness and justice in the way people are treated.
The company is committed to equity in hiring practices.
2
The value of shares issued by a company; ownership interest in a company in the form of stock.
The company raised capital by issuing equity to investors.
3
The value of a property minus any debts or mortgages secured against it; the ownership value in an asset after liabilities are deducted.
They have built up significant equity in their home over the years.
4
A branch of law that developed alongside common law to provide remedies and relief based on fairness when common law was inadequate.
Equity developed to address situations where common law remedies were insufficient.