This post was published on Nov 08, 2021 by

Definition of Equity in Real Context with Images

Definition of Equity as a legal term with illustration and in authentic context with synonyms and antonyms for ESL learners

/ˈek.wɪ.ti/ (noun)


(legal term) the state of being fair and just or being treated fairly or justly, a system of justice based on fair judgment, fairness, justness, impartiality, egalitarianism

(financial term) the value of a company or property divided into equal parts or shares and owned by the shareholders, the value of a property after the mortgage and other charges have been subtracted from it, worth, ownership, proprietorship 


In law, the term “equity” refers to a particular set of remedies and associated procedures involved with civil law. These equitable doctrines and procedures are distinguished from “legal” ones. While legal remedies typically involve monetary damages, equitable relief typically refers to injunctions, specific performance. A court will typically award equitable remedies when a legal remedy is insufficient or inadequate. For example, courts will typically award equitable relief for a claim which involves a particular or unique piece of real estate, or if the plaintiff requests specific performance.

Source of Example:


injustice, inequity

Parts of speech

Adjective: equitable

Adverb: equitably

Noun: equitableness

About Dr. Mohammad Hossein Hariri Asl

Dr. Mohammad Hossein Hariri Asl is an English and Persian instructor, researcher, inventor, author, blogger, SEO expert, website developer, and the creator of LELB Society. He's got a PhD in TEFL (Teaching English as a Foreign Language). Study our guest posting guidelines for authors.

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