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Equity   /ˈɛkwəti/   Listen
noun
Equity  n.  (pl. equities)  
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 man; fairness in determination of conflicting claims; impartiality. "Christianity secures both the private interests of men and the public peace, enforcing all justice and equity."
2.
(Law) An equitable claim; an equity of redemption; as, an equity to a settlement, or wife's equity, etc. "I consider the wife's equity to be too well settled to be shaken."
3.
(Law) A system of jurisprudence, supplemental to law, properly so called, and complemental of it. "Equity had been gradually shaping itself into a refined science which no human faculties could master without long and intense application." Note: Equitable jurisprudence in England and in the United States grew up from the inadequacy of common-law forms to secure justice in all cases; and this led to distinct courts by which equity was applied in the way of injunctions, bills of discovery, bills for specified performance, and other processes by which the merits of a case could be reached more summarily or more effectively than by common-law suits. By the recent English Judicature Act (1873), however, the English judges are bound to give effect, in common-law suits, to all equitable rights and remedies; and when the rules of equity and of common law, in any particular case, conflict, the rules of equity are to prevail. In many jurisdictions in the United States, equity and common law are thus blended; in others distinct equity tribunals are still maintained. See Chancery.
Equity of redemption (Law), the advantage, allowed to a mortgageor, of a certain or reasonable time to redeem lands mortgaged, after they have been forfeited at law by the nonpayment of the sum of money due on the mortgage at the appointed time.
Synonyms: Right; justice; impartiality; rectitude; fairness; honesty; uprightness. See Justice.






Collaborative International Dictionary of English 0.48








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"Equity" Quotes from Famous Books



... true reformed religion, and the professors of it. The council being very diligent and careful to deprive the LORD'S people of every thing which might contribute to their establishment and confirmation in the righteousness and equity of the cause and covenant of God for which they suffered, and which tended to expose their tyranny and treason against GOD, ordered the famous Mr. Brown's Apologetical Relation to be burnt in the high street of Edinburgh, on February 14th, 1666, by the hand ...
— Act, Declaration, & Testimony for the Whole of our Covenanted Reformation, as Attained to, and Established in Britain and Ireland; Particularly Betwixt the Years 1638 and 1649, Inclusive • The Reformed Presbytery

... amongst the respective railways. When it was devised the method seemed fair to all, and had the consent of all. But the best of theories do not always stand the test of practice and so it was found in this case. It did not suit Ireland. We discovered that the Irish railways were, in equity, entitled to more than the scheme awarded them, and Mr. Alcorn, the Accountant of the Great Southern and Western Railway, discovered the way to set the matter right; but it could not be righted without the consent of the Parcel Post Conference, a body which sat at the Railway ...
— Fifty Years of Railway Life in England, Scotland and Ireland • Joseph Tatlow

... They might have been five thousand judges, judging in equity, so grave they were. Yet ...
— King--of the Khyber Rifles • Talbot Mundy

... be in public. Every marriage should be known. There should be witnesses, to the end that the character of the contract entered into should be understood; and as all marriage records should be kept, so the divorce should be open, public and known. The property should be divided by a court of equity, under certain regulations of law. If there are children, they should be provided for through the property and the parents. People should understand that men and women are not virtuous by law. They should comprehend the fact that law does not ...
— The Works of Robert G. Ingersoll, Volume VIII. - Interviews • Robert Green Ingersoll

... amazed Madame de Listomere by advising her not to embark on such a suit; he ended the consultation by saying that "he himself would not be able to undertake it, for, according to the terms of the deed, Mademoiselle Gamard had the law on her side, and in equity, that is to say outside of strict legal justice, the Abbe Birotteau would undoubtedly seem to the judges as well as to all respectable laymen to have derogated from the peaceable, conciliatory, and mild character hitherto attributed to him; ...
— The Vicar of Tours • Honore de Balzac


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