equity

Definitions

  • WordNet 3.6
    • n equity conformity with rules or standards "the judge recognized the fairness of my claim"
    • n equity the ownership interest of shareholders in a corporation
    • n equity the difference between the market value of a property and the claims held against it
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Webster's Revised Unabridged Dictionary
  • Interesting fact: The earliest known example of an organized market for equities dates from Rome, second century B.C
    • Equity (Law) A system of jurisprudence, supplemental to law, properly so called, and complemental of it. "Equity had been gradually shaping itself into a refined science which no human faculties could master without long and intense application."
    • Equity (Law) An equitable claim; an equity of redemption; as, an equity to a settlement, or wife's equity, etc. "I consider the wife's equity to be too well settled to be shaken."
    • Equity 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. "Christianity secures both the private interests of men and the public peace, enforcing all justice and equity ."
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Century Dictionary and Cyclopedia
    • n equity That which is equally right or just to all concerned; equal or impartial justice; fairness; impartiality.
    • n equity In law: Fairness in the adjustment of conflicting interests; the application of the dictates of good conscience to the settlement of controversies: often called natural equity.
    • n equity The system of jurisprudence or body of doctrines and rules as to what is equitable and fair and what is not, by which the defects of, and the incidental hardships resulting from, the inflexibility of the forms and the universality of the rules of the common-law tribunals are corrected or remedied, and substantial justice is done. In the early history of the English people it was found, as society advanced, that many grievances arose which were not included in the classes of cases which the common law authorized the judges to take cognizance of. Hence it became customary for those who could not obtain redress in the courts, because no common-law action appropriate to their grievance had been sanctioned, or because the common law, while equitable and fair in its general application, was unfair in its application to their particular case, to apply to the king in Parliament or in council for justice. Petitioners in such cases (if it could be shown that there was no adequate remedy at law, or that the operation of the common law was unfair in its application to the particular case in hand) were referred to the chancellor (originally an ecclesiastic), the keeper of the king's conscience, who, after hearing the parties, required what was equitable and just to be done, under penalty of imprisonment, excommunication, etc. Thus, the common-law remedy of collecting a debt by getting judgment and execution became established at a time when property consisted almost entirely of lands and goods; but as wealth increased, and appeared in the forms of intangible property, such as valuable rights in action, contracts, securities, patents, copyrights, etc., the chancellor would entertain a complaint (called a bill in equity) from a creditor, setting forth that he was unable to collect his judgment out of property that could be reached by legal process, and that the debtor had other property which ought to be applied in payment, and asking that the defendant be compelled to do what equity and good conscience required to be done. The chancellor (the Court of Chancery) could compel the debtor to assign his intangible property to a receiver, a mode of relief which the law had never conferred on a sheriff the power to afford. Or if a creditor, to secure his demand, obtained from his debtor a deed which in terms was an absolute conveyance, and was proceeding to enforce it as if it were so intended, the Court of Chancery would entertain a complaint from the debtor offering to pay the debt, and asking to be allowed to redeem the land. The steady growth of the complexities of property and of business and social relations increased the cases requiring equitable remedies to supply the deficiency of common-law remedies, or equitable interference with the unconscionable enforcement of common-law rules, until the procedure in equity developed a substantive system of doctrines and remedies covering a great variety of subjects scarcely contemplated by the common law. In England and the United States the doctrines of the common law have now generally been subjected to the established modifications introduced by equity, and in many jurisdictions the two systems of rules thus merged and modified are administered by the same courts. This new system is generally known in the United States as the code practice, or the new or reformed procedure.
    • n equity The court or jurisdiction in which these doctrines are applied: as, a suit in equity.
    • n equity An equitable right; that to which one is justly entitled; specifically, a right recognized by courts of equity which the common law did not provide for: as, the wife's equity, or her right, when her husband sought to enforce his common-law claim to reduce her property to his own possession, to have a portion of it settled on herself.
    • n equity The remaining interest belonging to one who has pledged or mortgaged his property, or the surplus of value which may remain after the property has been disposed of for the satisfaction of liens. [U. S.]
    • n equity A right or obligation incident to a property or contract as between two persons, but not incident to the property or contract from its own nature. In this sense used in the plural.
    • n equity In conveyancing, in the United States, the ownership of or title to real property which is subject to a mortgage: sometimes simply called equity.
    • n equity Right, Law, etc. See justice.
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Chambers's Twentieth Century Dictionary
    • n Equity ek′wi-ti right as founded on the laws of nature: moral justice, of which laws are the imperfect expression: the spirit of justice which enables us to interpret laws rightly: fairness
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Quotations

  • D. H. Lawrence
    D.%20H.%20Lawrence
    “Ethics and equity and the principles of justice do not change with the calendar.”
  • Michael Vance
    Michael Vance
    “The 8 Equities: Physical, Spiritual, Psychological, Intellectual, Emotional, Financial, Social and Family”
  • Edmund Burke
    Edmund%20Burke
    “There is but one law for all, namely that law which governs all law, the law of our Creator, the law of humanity, justice, equity -- the law of nature and of nations.”
  • Charles Caleb Colton
    Charles%20Caleb%20Colton
    “Law and equity are two things which God has joined, but which man has put asunder.”

Etymology

Webster's Revised Unabridged Dictionary
F. équité, L. aequitas, fr. aequus, even, equal. See Equal
Chambers's Twentieth Century Dictionary
Fr. equité—L. æquitasæquus, equal.

Usage

In literature:

Equity was only what the Teutons wanted, and therefore of the most desirable type.
"Villa Elsa" by Stuart Henry
The highest type, shown by culture, discovery, art, literature, science, equity, and government, exists with but a few.
"The Continental Monthly, Vol. 6, No 2, August, 1864" by Various
If law, right, duty, reason, common sense, equity, justice, suffice not, let them think of the future!
"Napoleon the Little" by Victor Hugo
It is not a matter of equity.
"An Inquiry Into The Nature Of Peace And The Terms Of Its Perpetuation" by Thorstein Veblen
The Law of Prairial violently infringed all three of these essential conditions of judicial equity.
"Critical Miscellanies (Vol. 1 of 3)" by John Morley
Reports of equity cases became continuous, and lawyers of eminence began to specialize in equity procedure.
"The Governments of Europe" by Frederic Austin Ogg
The equity of the thing was obvious.
"The Life of William Ewart Gladstone, Vol. 1 (of 3)" by John Morley
Ladies and gentlemen, I do not know how it is, but I have always associated Mr. Prosee with the Equity Bar.
"The Law and Lawyers of Pickwick A Lecture" by Frank Lockwood
An equity so great, so unvarying, has almost staggered his brethren of the craft.
"The Atlantic Monthly, Volume 17, No. 102, April, 1866" by Various
The remainder of the law was made up of the judge's ideas of equity, and of the law he had read before leaving home.
"Mexico and its Religion" by Robert A. Wilson
Law is a conservative factor in progress, but it adapts itself of necessity to the demands of equity.
"Society" by Henry Kalloch Rowe
It would be tedious to enter into its discussion; but it was passion and not equity that prompted that decision.
"Curiosities of Literature, Vol. 1 (of 3)" by Isaac D'Israeli
It is their labor that has given this property its value, and, in equity, the value should be theirs.
"Monopolies and the People" by Charles Whiting Baker
Justice and equity demand it.
"History of the Negro Race in America from 1619 to 1880. Vol. 2 (of 2)" by George Washington Williams
For this reason, Equity practitioners are superior to the men in the courts below.
"Cornelius O'Dowd Upon Men And Women And Other Things In General Originally Published In Blackwood's Magazine - 1864" by Charles Lever
He devoted himself with assiduity to studying the literature pertaining to the equity branch of the law.
"The Story of the Upper Canada Rebellion, Volume 1" by John Charles Dent
Pierre will sign proper orders, and convey at any time all his interests and equities.
"Oswald Langdon" by Carson Jay Lee
Neither should the conduct of a sovereign be judged according to the principles of natural equity.
"Memoirs of the Private Life, Return, and Reign of Napoleon in 1815, Vol. I" by Pierre Antoine Edouard Fleury de Chaboulon
It is burdened with a multitude of equities.
"Desert Conquest" by A. M. Chisholm
It was a suit in equity brought on the ground that Mr.
"Fair Margaret" by Francis Marion Crawford
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In poetry:

Weighing each sin and wickedness
With so much equity,
Proportioning of thy distress
And woful misery.
"Of Judgement" by John Bunyan
How blest would every nation be,
Thus ruled by love and equity!
All would be friends without a foe,
And form a paradise below.
"Hymn 38 part 2" by Isaac Watts
Their frozen exile from the earth
And lost. Each is the other's crime.
This is their equity in birth-
Hate is its ignorant paradigm.
"The Paradigm" by Allen Tate
The dungeon door hath opened wide,
Its victims to immure;
And blood hath yonder scaffold dyed,
Betray'd by hellish lure.
O Justice, why so long delay,
To bare thy sword of equity?
"The Lancashire Hymn." by Samuel Bamford
Rho. Tenacious Tyrant, in whose flinty heart
Nor equity, nor justice ere had part:
Assure thy selfe thy guilty soule shall feele
Revenges hand, arm'd with a scourge of steele.
Exeunt.
"Rhodon And Iris. Act II" by Ralph Knevet
God is the Giver; then ask at His hand;
He giveth, or not, as His wisdom hath plann'd;
But crops are not look'd for where seeds were not sown,
And equity sitteth with Him on the throne.
"Bond Or Free? A Double Thought" by Martin Farquhar Tupper

In news:

A leaner and meaner Equity Office Properties begins to emerge.
Analysts say Medicaid-heavy health plans also will be especially attractive to private equity firms and others.
As a newly reformed health system takes shape, private equity firms are eyeing investments in health plans.
Costa Mesa-based Pacific Mercantile Bancorp Inc last week completed a $26.3 million sale of common stock to the Carpenter Funds, the private equity arm of Irvine-based investment firm Carpenter & Co.
Former independent private equity investor, he had his biggest hit with Internet phone outfit Skype, a multibillion-dollar sale that returned 100 times his investment.
A southwest Idaho mining co mpany has received an $18 million investment from a Boise private equity firm that will allow the company to explore a 19th century mine for several minerals.
An article published recently the Journal of the American Medical Association recounts the gains made since the passage of Title IX of the Education Amendments of 1972, which had the practical effect of expanding gender equity in medicine.
Private equity fund sells software firm to Boeing.
Solis Capital Partners, a Newport Beach private equity firm, has sold Miro Holdings Inc in La Jolla to Boeing.
Indomobil, Medco, Mitra Adiperkasa: Indonesia Equity Preview.
In today's down economy, self-storage operators are looking for strategies to generate more revenue, cut expenses and increase equity.
Robert Schaeffer, co-manager, Becker Value Equity Fund Marian Kessler, co-manager, Becker Value Equity Fund UPDATED 1:45 p.m.
It's Only Money missed this in September when it happened, but it's still worth noting: Morningstar gave Becker Capital Management Inc.'s Becker Value Equity Fund (BVEFX) its top 5-star rating.
In the North American equity investing world stock sectors are like neighbourhoods and Standard & Poor's has organized them into ten distinct (primary) investable stock groups.
Large public pension funds had slightly positive returns in the fiscal year ended June 30, with overall performance brought down by large market losses in international equities.
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In science:

Fernholz, E.R., Karatzas, I., Kardaras, C.: Diversity and relative arbitrage in equity markets.
Generalizations of Functionally Generated Portfolios with Applications to Statistical Arbitrage
When bad news releases, equity price St drops and dWt < 0.
Parametric and nonparametric models and methods in financial econometrics
Extreme correlation of international equity markets. J.
Quotient correlation: A sample based alternative to Pearson's correlation
Extreme correlation of international equity markets. J.
Portfolio choice with jumps: A closed-form solution
The revenues are converted into profits using a best-estimate profit margin ( pmargin ) and are discounted using the equity risk premium d .
Valuation of Zynga
Similarly, we may impose a minimum to ensure reasonable load equity or load fairness across reviewers.
A Framework for Optimizing Paper Matching
This ensures that every paper is reviewed by a minimally suitable reviewer, but may sacrifice load equity (indeed, it may sacrifice feasibility).
A Framework for Optimizing Paper Matching
The parameter λ controls the tradeoff between load equity and match quality.
A Framework for Optimizing Paper Matching
When λ = 0 load equity is ignored, reviewer variance ((cid:80) and almost all reviewers either get assigned the minimum (Rmin ) or the maximum (Rmax ) number of papers; withinp (xrp − ¯x)2/M ) is extremely high.
A Framework for Optimizing Paper Matching
When a “soft constraint” on load equity is introduced, assignments become more balanced as the λ increases (i.e., the balance constraint becomes “harder”).
A Framework for Optimizing Paper Matching
Chen, X., Fan, Y., Patton, A.: Simple tests for models of dependence between multiple financial time series, with applications to U.S. equity returns and exchange rates.
An overview of the goodness-of-fit test problem for copulas
Gerdtham, U-G. (1997) Equity in health care utilization: further tests based on hurdle models and Swedish micro data, Health Economics, 6, 303-319.
Spatial Discrete Choice and Spatial Limited Dependent Variable Models: a review with an emphasis on the use in Regional Health Economics
Walster, E., Walster, G.W., & Berscheid, E. (1978) Equity: Theory and Research.
Does Meaning Evolve?
Equity options are contracts that have a payoff dependent on the future level of some share price.
Weather forecasts, Weather derivatives, Black-Scholes, Feynmann-Kac and Fokker-Planck
By trading the shares themselves very frequently one can more or less replicate the payoff structure of an equity option.
Weather forecasts, Weather derivatives, Black-Scholes, Feynmann-Kac and Fokker-Planck
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