ˈekwɪtɪ n. (pl. -ies) 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. [ME f. OF equit÷ f. L aequitas -tatis f. aequus fair]