Definition of "equity"
noun:
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Ownership, especially in terms of net monetary value of some business.
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A legal tradition that deals with remedies other than monetary relief, such as injunctions, divorces and similar actions.
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Value of property minus liens or other encumbrances.
from Wiktionary, Creative Commons Attribution/Share-Alike License -
Ownership interest in a company as determined by subtracting liabilities from assets.
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Justice, impartiality or fairness.
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