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English definition of “equity”

equity

noun (FAIRNESS)    /ˈek.wɪ.ti/ US  /-t̬i/
[U] formal the situation in which everyone is treated fairly and equally: a society based on equity and social justice Note: The opposite of equity is inequity.Justice and fairnessUnbiased or impartial [U] specialized law in English-speaking countries, a system of justice that allows a fair judgment of a case where the laws that already exist are not satisfactoryJustice and fairness
(Definition of equity noun (FAIRNESS) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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