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equity definition - legal

n

Fair dealing under widely held moral principles, often embodied in court precedents; a body of common law founded on such principles, providing special remedies, such as injunctions, in cases where monetary damages are not available or will not suffice.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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