noun justice according to natural law or right; specifically : freedom from bias or favoritism
In real estate, equity refers to the difference between the market value of a property and the amount still owed on any mortgages or loans secured by the property.
In law, equity refers to the concept of fairness and justice, often used in cases where strict legal rules may not apply.
In finance, equity refers to the value of an asset after deducting any liabilities associated with it.
In business, equity can refer to ownership interests in a company, representing the value of the company's assets minus its liabilities.
In the context of writing, equity may refer to fair and unbiased representation of diverse characters and perspectives in literature.
Psychologists may use the concept of equity when addressing issues of fairness and equal treatment in mental health care and research.
Human resources managers often focus on equity in the workplace, ensuring that employees are treated fairly and have equal opportunities for advancement.
Educators may promote equity in education by providing all students with access to resources and opportunities to succeed regardless of their background.
Lawyers may advocate for equity in the legal system, seeking fair outcomes and equal treatment for all individuals regardless of their social or economic status.