Equity (noun)

1. The quality of being fair and impartial.
2. The value of the assets of a company after all liabilities have been met.
3. A system of law that developed in England, separate from common law, based on principles of fairness and natural justice.

Origin:

Late middle english: from old french equite, from latin aequitas, from aequus "equal".

Examples:

1. The company has a lot of equity in its property and investments.
2. The court uses equity to provide remedies that are fair and just.
3. The court of equity has the power to grant specific performance of contract.
4. Equity and equality are not the same thing, equity is about fairness and justice.
5. Equity shares are a type of ownership in a company that have a claim on the company's assets and earnings.