equity

[ek-wi-tee]
noun, plural equities.
1.
the quality of being fair or impartial; fairness; impartiality: the equity of Solomon. disinterest, equitableness, impartiality, fair-mindedness, fairness, justness, evenhandedness, objectivity; justice, probity. bias, discrimination, inequity, injustice, partiality, partisanship, prejudice, unfairness, unreasonableness; injustice.
2.
something that is fair and just: the equities of our criminal-justice system.
3.
Law.
a.
Also called chancery. the application of the dictates of conscience or the principles of natural justice to the settlement of controversies.
b.
Also called chancery. a system of jurisprudence or a body of doctrines and rules developed in England and followed in the U.S., serving to supplement and remedy the limitations and the inflexibility of the common law.
c.
an equitable right or claim.
4.
the monetary value of a property or business beyond any amounts owed on it in mortgages, claims, liens, etc.: Over the years, they have carefully avoided tapping into their home equity for unnecessary expenses.
5.
Informal. ownership, especially when considered as the right to share in future profits or appreciation in value.
6.
the interest of the owner of common stock in a corporation.
7.
(in a margin account) the excess of the market value of the securities over any indebtedness.
8.
(initial capital letter) Actors' Equity Association.

Origin:
1275–1325; Middle English equite < Latin aequitās. See equi-, -ty2


Equity is a great example of a word that started out with a general sense that developed more specific senses over time, while still retaining the original meaning. The very first meanings of equity in English were a direct translation from the original Old French equité, a word whose Latin root means “even,” “just,” and “equal.”
It was not until the late 16th century that a new meaning—one that placed equity in the arena of law—emerged. Perhaps because many of the usages of equity involved legal disputes over rights and claims of ownership, by the turn of the 20th century, the word started being used in another sector: finance. It was at this point that terms such as “home equity” and “equity loan” became common finance terms. At the same time, equity started popping up in terms of stock and asset ownership.
In 1913, a small group of actors founded the labor union, Actors’ Equity Association—proof that the original sense of equity was still very much alive. This union, often referred to simply as “Equity” (with a capital E), fights for the rights of actors in the spirit of equity’s Latin roots.

“Made a judge, and the judge of an adored woman, he found in his soul the equity of a judge as well as the inflexibility.“
—Honoré de Balzac, Farragus: Chief of the Dévorants transl. by Katharine Prescott Wormeley (1895)
“This settlement, which is made upon the wife for the separate benefit of herself and the children as a provision for their maintenance and comfort, is known as the wife’s equity.“
—James Schouler, Arthur Walker Blakemore, A Treatise on the Law of Domestic Relations (1921)
“[H]ome equity borrowing has enormous disadvantages. Home, sweet home is the collateral. If you fall behind on payments, the bank could take it.“
—Mark Green, Nancy Youman, The Consumer Bible: 1001 Ways to Shop Smart (1998)
“Equity represents ownership in the firm and consists of retained profits and shares issued either privately or through a stock market.“
—Robert Y. Redlinger, Per Dannemand Andersen, Poul Erik Morthorst, Wind Energy in the 21st Century (2002)
“Equity insisted that striking actors be allowed to return to the positions they held at the time of the walkout.“
—Matthew Kennedy, Marie Dressler: a A Biography (1999)
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To equities
Collins
World English Dictionary
equities (ˈɛkwɪtɪz)
 
pl n
another name for ordinary shares

equity (ˈɛkwɪtɪ)
 
n , pl -ties
1.  the quality of being impartial or reasonable; fairness
2.  an impartial or fair act, decision, etc
3.  law a system of jurisprudence founded on principles of natural justice and fair conduct. It supplements the common law and mitigates its inflexibility, as by providing a remedy where none exists at law
4.  law an equitable right or claim: equity of redemption
5.  the interest of ordinary shareholders in a company
6.  the market value of a debtor's property in excess of all debts to which it is liable
 
[C14: from Old French equite, from Latin aequitās, from aequus level, equal]

Equity (ˈɛkwɪtɪ)
 
n
Full name: Actors' Equity Association the actors' trade union

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History

equity
early 14c., from O.Fr. equite, from L. æquitatem (nom. æquitas) "equality, conformity, symmetry, fairness," from æquus "even, just, equal." As the name of a system of law, 1591, from Roman naturalis æquitas, the general principles of justice which corrected or supplemented the
legal codes.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary

equity definition


A body of rules or customs based on general principles of fair play rather than on common law or statutory law.

equity definition


In real estate, the financial value of someone's property over and above the amount the person owes on mortgages. For example, if you buy a house for $100,000, paying $20,000 down and borrowing $80,000, your equity in the house is $20,000. As you pay off the principal of the loan, your equity will rise.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
Big gains in those categories more than offset losses in equities and some
  hedge funds.
Reduce the equities portion and increase the bond if you are skittish or near
  retirement.
Broadly speaking, investors in developed economies hold highly diversified
  portfolios, with significant portions in equities.
People started believing that over the long term, equities offered a low-risk
  opportunity for higher returns.
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