Definition of equity

• n. - Equality of rights; natural justice or right; the giving, or desiring to give, to each man his due, according to reason, and the law of God to man; fairness in determination of conflicting claims; impartiality.
• n. - An equitable claim; an equity of redemption; as, an equity to a settlement, or wife's equity, etc.
• n. - A system of jurisprudence, supplemental to law, properly so called, and complemental of it.