Friday, December 14, 2007

Equity

Today I am pondering the term equity and the various uses for this term:

equity |ˈekwitē|
noun ( pl. -ties)
1 the quality of being fair and impartial : equity of treatment.
• Law a branch of law that developed alongside common law in order to remedy some of its defects in fairness and justice, formerly administered in special courts.
• ( Equity) (in the U.S., UK, and several other countries) a trade union to which most professional actors belong.
2 the value of the shares issued by a company : he owns 62% of the group's equity.
• ( equities) stocks and shares that carry no fixed interest.
3 the value of a mortgaged property after deduction of charges against it.

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