One entry found for equity.

Main Entry: eq·ui·ty
Pronunciation: ek-wt-
Function: noun
Inflected Form(s): plural -ties
1 : fairness or justice in dealings between persons
2 : a system of law that is a more flexible addition to ordinary common and statute law and is designed to protect rights and achieve just settlements in cases where ordinary legal settlements may be too strict
3 : the value of an owner's interest in a property in excess of claims against it (as the amount of a mortgage)