1 fairness.
2 the application of the principles of justice to correct or supplement the law.
3 a the value of the shares issued by a company. b (in pl.) stocks and shares not bearing fixed interest.
4 the net value of a mortgaged property after the deduction of charges.
5 (Equity) Brit. the actors' trade union.
Etymology: ME f. OF equiteacute f. L aequitas -tatis f. aequus fair
Useful english dictionary. 2012.