Definition Of Equity Easy

What are the subtle but important differences between equity and equality in areas such as education politics and government.

Definition of equity easy. Dictionary thesaurus examples sentences quotes reference spanish. Given how pervasive it is it s weird that we don t seem to have a common universally accepted definition for it. It can be represented with the accounting equation. In finance and accounting equity is the value attributable to a business.

Learn about the many different ways it can be applied and how it helps investors understand the companies they invest in. See the dictionary meaning pronunciation and sentence examples. Generally speaking equity is the value of an asset less the amount of all liabilities on that asset. As this article states very few foundations had a clear definition of what equity meant to them internally and absolutely no one saw any common definition emerging from the field anytime soon so after thinking about it.

A system of law originating in the english chancery and comprising a settled 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. Equity is the value of ownership. Law a system of english law that developed from the 17th to the 19th centuries that can still be used to judge a case fairly in a court of law if the rules of common law are not suitable. Assets liabilities equity.

2 a system of law developed by the court of chancery in parallel with the common law designed to complement it providing remedies for situations that were unavailable at law thereby adding a dimension of flexibility and justice that was sometimes lacking because of the common law s rigidity.