Definition Of Equity Law

The term equity refers to the system of justice and fairness where there is an even handed treatment of all the people.

Definition of equity law. Equity raise legal definition of equity raise by law insider definition of equity raise equity raise means the issuance of equity interests in any of the borrowers and the exercise for cash of any warrants issued by any of the borrowers and outstanding on the closing date. The body of principles constituting what is fair and right or the natural law. In jurisdictions following the english common law system equity is the body of law which was developed in the english court of chancery and which is now administered concurrently with the common law. A rule of equity the system of justice that complements the common law.

Let it just be mentioned that under napoleonic law the civil judge judging en droit et en équité must say the law even if there is no appropriate or conclusive written law applying to the case. The rules have been built upon by previous situations which they have dealt with. As a legal system it is a body of law that addresses concerns that fall outside the jurisdiction of common law. The use of the word equity in other law systems is outside the topic of by this article.

The separate body of law developed in the court of chancery which supplements corrects and controls the rules of common law. Equity investor means the tax credit investor or syndicator for the proposed project who will acquire an ownership interest in the proposed project and who contributes capital to the project sponsor and the closing of the syndication. Whether it is the distribution of benefits or. Equity can be broadly described as being just or fair whereas the legal meaning of the term equity refers to the rules determined to mitigate the severity of the common law rules and those issues that are not be covered under the common law jurisdiction.

The law relating to equity is largely built on precedent. A broad statement of principle the truth and reasonableness of which are self evident. In its broadest sense equity is fairness. What is equity law.

Maxims were originally quoted in latin and many of the latin phrases continue to be familiar to lawyers in the early 2000s. Equity demands fairness in every situation i e. Under this system the individual needs and requirements are taken into account and treated accordingly. Equity law and legal definition.

Equity can be defined as of equité fair even.