What Does Equity Mean?

The term equity has various meanings but is commonly referred to the monetary value of a property or business beyond any amounts owned on it in mortgages, claims. Etc.

It is also the name given to a group of legal principles, in nations which apply the English common law practices, which complement strict rules of law where their appliance would function harshly, so as to attain what is at times addressed as "natural justice". It is generally confusingly compared with "law", which in this circumstance is addressed to "statuary law" as well as with "common law".

In contemporary practice, perhaps the most significant characteristic between law and equity is the unit of remedies each offers. The most widespread remedy which a court of law can honour is money in compensation.

Equity refers to fairness and principals of justice :)


-adollf H. Lover