equity(redirected from Equitable Defenses)
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n a free and reasonable claim or right; fairness; impartiality. The money value of a property or of an interest in a property in excess of claims or liens against it; a risk interest or ownership right in property.
1. a justifiable share; one likely to be recognized as a fair share in an equity court.
2. total assets less total liabilities.
the value of the capital involved in the enterprise. Includes assets less liabilities, expressed as a fixed sum.
absolute equity expressed as a proportion of the total worth of the enterprise.