Entity: EQUITY
Equity refers to fairness or justice in treatment, whether in social contexts or financial matters. It can also represent the residual value of a company after debts are settled.
EQUITY
Etymology
The term 'equity' originates from the Latin word 'aequitas,' meaning fairness or justice.
Definition
Equity is the quality of being fair or impartial, encompassing fairness and impartiality in treatment. It can also refer to the value of a business or property after subtracting debts.
Historical Context
In legal contexts, equity refers to a system of justice that complements the strict rules of common law, aiming to achieve fairness.
Cultural Significance
Equity holds significant cultural importance as a principle of justice and fairness, influencing societal norms and legal systems.
Related Concepts
- Shareholders' Equity
- Social Equity
- Equity in Finance
See Also
Equity is the quality of being fair or impartial, encompassing fairness and impartiality in treatment. It can also refer to the value of a business or property after subtracting debts.