verb (used with object), equated, equating.
to regard, treat, or represent as equivalent: We cannot equate the possession of wealth with goodness.
to state the equality of or between; put in the form of an equation: to equate growing prosperity with the physical health of a nation.
to reduce to an average; make such correction or allowance in as will reduce to a common standard of comparison.

1375–1425; late Middle English < Latin aequātus (past participle of aequāre to make equal), equivalent to aequ(us) equal + -ātus -ate1

equatability, noun
equatable, adjective
unequated, adjective
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
equate (ɪˈkweɪt)
1.  to make or regard as equivalent or similar, esp in order to compare or balance
2.  maths to indicate the equality of; form an equation from
3.  (intr) to be equal; correspond
[C15: from Latin aequāre to make equal]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

c.1400, from L. aequatus, pp. of aequare "make even or uniform, make equal," from aequus "level, even, equal." Earliest use in English was of astrological calculation, then "to make equal;" meaning "to regard as equal" is early 19c.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Nobody could as yet explain to me how entropy became equated with disorder.
In financial markets, the word is nearly always equated with information
Economic nationalism in a wartime economy cannot be equated with the rejection
  of capitalism.
First, because it has equated sustainable development with narrow
  environmentalism it has a built-in bias against growth.
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