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equity
(redirected from Equitable relief)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
equity,
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.

equity
1. a justifiable share; one likely to be recognized as a fair share in an equity court.
2. total assets less total liabilities.

equity capital
the value of the capital involved in the enterprise. Includes assets less liabilities, expressed as a fixed sum.
percentage equity
absolute equity expressed as a proportion of the total worth of the enterprise.


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In a trio of cases this spring, the Tax Court widened the availability of equitable relief under IRC [section] 6015(f) for taxpayers with innocent spouse claims.
6015(b) or (c), an individual may seek equitable relief under Sec.
In addition, there is the law of equity that permits a court to grant equitable relief where there is no relief at common law, and which includes its own doctrines and maxims.
 
 
 
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