chancery

chancery definition - business

chancery

Of or describing a court of equity as opposed to a court of common law. A court of equity operates under a system of fairness and flexibility rather than strict law.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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