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Equity
01
the quality of being fair and just toward people according to natural law
Example
The company ethics policy aims to ensure equity in the workplace by treating all employees fairly according to established guidelines.
During the trial, the defense argued their client did not receive equity under the law compared to similar cases that had resulted in lesser charges.
Students have the right to plead their case and achieve equity if they feel they have been treated unjustly according to the academic code of conduct.
02
the money one owns in a property after paying back any money one borrowed to buy it
Example
The couple built equity by making regular mortgage payments.
As property values rose, their home equity increased significantly.
He used the equity in his house to secure a loan for renovations.
03
the ownership interest of shareholders in a corporation
Example
The company ethics policy aims to ensure equity in the workplace by treating all employees fairly according to established guidelines.
During the trial, the defense argued their client did not receive equity under the law compared to similar cases that had resulted in lesser charges.
Students have the right to plead their case and achieve equity if they feel they have been treated unjustly according to the academic code of conduct.
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