Main Entry: eq·ui·ta·ble Pronunciation: 'e-kwi-t&-b&l Function: adjective 1: having or exhibiting equity : dealing fairly and equally equitable manner —U.S. Code> 2: existing or valid in equity or as a matter of equity as distinguished from law equitable defense> —compare LEGAL 4 —eq·ui·ta·bil·i·ty/"e-kwi-t&-'bi-l&-tE/noun —eq·ui·ta·ble·nessnoun —eq·ui·ta·blyadverb