Equity vs. Equitability

Equitynoun

Fairness, impartiality, or justice as determined in light of "natural law" or "natural right".

Equitynoun

(legal) The power of a court of law having extra-statutory discretion, to decide legal matters and to provide legal relief apart from, though not in violation of, the prevailing legal code; in some cases, a court "sitting in equity" may provide relief to a complainant should the code be found either inapplicable or insufficient to do so.

Equitynoun

(legal) A right which accrues to a party in a transaction because of the nature of the transaction itself, and which is exercisable upon a change of circumstances or conditions; in other words, an equitable claim.

Equitynoun

(legal) Value of property minus liens or other encumbrances.

Equitynoun

The body of law which was developed in the English Court of Chancery, which Court had extra-statutory discretion, and is now administered alongside the common law of Britain.

Equitynoun

(business) Ownership, especially in terms of net monetary value of some business.

Equitynoun

(accounting) Ownership interest in a company as determined by subtracting liabilities from assets.

Equitynoun

(poker) A player's expected share of the pot.

Equitynoun

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.

Equitynoun

An equitable claim; an equity of redemption; as, an equity to a settlement, or wife's equity, etc.

Equitynoun

A system of jurisprudence, supplemental to law, properly so called, and complemental of it.

Equitynoun

the difference between the market value of a property and the claims held against it

Equitynoun

the ownership interest of shareholders in a corporation

Equitynoun

conformity with rules or standards;

Equitabilitynoun

The quality of being equitable; equitableness.

Equitabilitynoun

(ecology) The extent of the representation by equal numbers of individuals of the different species of a given community.

Equitability

Equitability is a criterion for fair division. A division is called equitable if the subjective value of all partners is the same, i.e., each partner is equally happy with his/her share.