Equity
WordNet
noun
(1) Conformity with rules or standards
"The judge recognized the fairness of my claim"
(2) The ownership interest of shareholders in a corporation
(3) The difference between the market value of a property and the claims held against it
WiktionaryText
Etymology
Latin 'aequĭtas' was used by Romans with the same meaning as Greek 'ἐπιείκια' which is the virtue of reduce Law's hardship when rigorousness would become unjust (Aristo. Ethics Book V). Aequĭtas was also the name of the fair trade's godness.
Ref. Websters dictionaryhttp://www.websters-online-dictionary.com/translation/Latin/aequitas
Wikipediahttp://en.wikipedia.org/wiki/Aequitas.
Noun
- ownership, especially in terms of net monetary value of some business.
- a legal tradition that deals with remedies other than monetary relief, such as injunctions, divorces and similar actions.
- The value of property minus liens or other encumbrances.
- the ownership interest in a company as determined by subtracting liabilities from assets.
- justice, impartiality and fairness