Equity Definition Merriam Webster

May 16, 2021 Post a Comment

The right of a mortgagor to redeem his property after the term of the mortgage has expired but before an absolute foreclosure has beenusage synonyms more. Fairness or justice in dealings between persons.

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Equity definition merriam webster. The quality or state of being equal. 2 the practice of giving to others what is their due. Rule 1 of the Federal Rules of Civil Procedure abolishes the distinction between law and equity and therefore there are no longer courts of equity in the federal system.

Value in a property business etc that results from the work that a person does to improve it. Search for a definition or browse our legal glossaries. Basic to the notion of equity is the principle that all people are of equal standing in the eyes of the law.

A system of law that is a more flexible addition to ordinary common and statute law and is designed to protect rights and achieve just settlements in cases where ordinary. The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Fairness or justice in the way people are treated.

As distinguished from mechanical application of rules prompted by considerations of comity between nations and require it to be paid for F. A court having jurisdiction over suits in equity and administering justice and providing remedies according to the rules and principles of equity compare court of law NOTE. The labor so invested See the full definition.

English Language Learners Definition of equality. Favor favoritism nonobjectivity one-sidedness partiality partisanship prejudice. EQUITY noun Latin oequitas from oequus equal even level 1.

Womens struggle for equality. Learners definition of EQUALITY. The quality or state of having the same rights social status etc.

One entry found for equity. The quality or state of having the same rights social status etc. In making these decisions we should be governed by the principle of equity.

A system of jurisprudence or a body of doctrines and rules developed in England and followed in the US serving to supplement and remedy the limitations and the inflexibility of the common law. See the full definition for equality in the English. Having or exhibiting equity.

Define equity of redemption. In practice equity is the impartial distribution of justice or the doing that to another which the laws of God and man and of reason give him a right to claim. Definition of negative equity written for English Language Learners from the Merriam-Webster Learners Dictionary with audio pronunciations usage examples and countnoncount noun labels.

The quality or state of being equal. Hes built up a lot of sweat equity in his house. The ideals of liberty and equality.

A situation in which the amount of money that a person owes for something such as a house or a car is more than the thing is worth Learn More About negative equity. Learners definition of EQUITY. Dealing fairly and equally with all concerned an equitable settlement of the dispute.

Existing or valid in equity as distinguished from law an equitable defense. Latin aequitat- aequitas fairness justice from aequus equal fair 1 a. Learners definition of SWEAT EQUITY.

More examples - hide examples Example sentences - Hide examples. Equity in a property resulting from labor invested in improvements that increase its value. Justice according to fairness esp.

Definition of equity - Merriam-Websters Student Dictionary. Something that is equitable.

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