Definition Of Equity Under Law

Equality before the law the right to equal protection of the laws human right any basic right or freedom to which all human beings are entitled.

Definition of equity under 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. 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 use of the word equity in other law systems is outside the topic of by this article. Let it just be mentioned that under napoleonic law the civil judge judging en droit et en équité.

As a legal system it is a body of law that addresses concerns that fall outside the jurisdiction of common law equity is also used to describe the money value of property in excess of claims liens or mortgages on the property. While legal remedies typically involve monetary damages equitable relief typically refers to injunctions specific performance or vacatur a court will typically award equitable remedies when. Equality under the law synonyms equality under the law pronunciation equality under the law translation english dictionary definition of equality under the law. In its broadest sense equity is fairness.