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 equité f. L aequitas -tatis f. aequus fair ]