equity
eq.ui.ty \'ek-w*t-e-\ n [ME equite, fr. MF equite`, fr. L aequitat-,
aequitas,] fr. aequus equal, fair 1a: justice according to natural law or
right; specif : IMPARTIA LITY 1b: something that is equitable 2a: a system
of law originating in the English chancery and comprising a se ttled and
formal body of legal and procedural rules and doctrines that supplement,
aid, or override common and statute law and are designed to protect rights
and enforce duties fixed by substantive law 2b: trial or remedial justice
under or by the rules and doctrines of equity 2c: a body of legal
doctrines and rules developed to enlarge, supplement, o r override a narrow
rigid system of law 3a: a right, claim, or interest existing or valid in
equity 3b: the money value of a property or of an interest in a property
in excess of claims or liens against it 3c: a risk interest or ownership
right in property