equity

noun pl. equities

1. fairness; impartiality; justice
2. anything that is fair or equitable
3. ☆ the value of property beyond the total amount owed on it in mortgages, liens, etc.
4. Accounting, Finance
   1. assets minus liabilities; net worth; capital
   2. that portion of a company's net worth belonging to its owners or shareholders: shareholders' equity
   3. shares of stock: bonds and equities
5. Law
   1. resort to general principles of fairness and justice whenever existing law is inadequate
   2. a system of rules and doctrines, as in the U.S., supplementing common and statute law and superseding such law when it proves inadequate for just settlement
   3. a right or claim recognized in a court of equity
   4. equity of redemption

adjective