Debt vs. Equity

Debtnoun

An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.

Equitynoun

Fairness, impartiality, or justice as determined in light of "natural law" or "natural right".

Debtnoun

The state or condition of owing something to another.

‘I am in your debt.’;

Equitynoun

(legal) The power of a court of law having extra-statutory discretion, to decide legal matters and to provide legal relief apart from, though not in violation of, the prevailing legal code; in some cases, a court "sitting in equity" may provide relief to a complainant should the code be found either inapplicable or insufficient to do so.

Debtnoun

Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.

Equitynoun

(legal) A right which accrues to a party in a transaction because of the nature of the transaction itself, and which is exercisable upon a change of circumstances or conditions; in other words, an equitable claim.

Debtnoun

(legal) An action at law to recover a certain specified sum of money alleged to be due.

Equitynoun

(legal) Value of property minus liens or other encumbrances.

Debtnoun

That which is due from one person to another, whether money, goods, or services; that which one person is bound to pay to another, or to perform for his benefit; thing owed; obligation; liability.

‘Your son, my lord, has paid a soldier's debt.’; ‘When you run in debt, you give to another power over your liberty.’;

Equitynoun

The body of law which was developed in the English Court of Chancery, which Court had extra-statutory discretion, and is now administered alongside the common law of Britain.

Debtnoun

A duty neglected or violated; a fault; a sin; a trespass.

Equitynoun

(business) Ownership, especially in terms of net monetary value of some business.

Debtnoun

An action at law to recover a certain specified sum of money alleged to be due.

Equitynoun

(accounting) Ownership interest in a company as determined by subtracting liabilities from assets.

Debtnoun

the state of owing something (especially money);

‘he is badly in debt’;

Equitynoun

(poker) A player's expected share of the pot.

Debtnoun

money or goods or services owed by one person to another

Equitynoun

Equality of rights; natural justice or right; the giving, or desiring to give, to each man his due, according to reason, and the law of God to man; fairness in determination of conflicting claims; impartiality.

‘Christianity secures both the private interests of men and the public peace, enforcing all justice and equity.’;

Debtnoun

an obligation to pay or do something

Equitynoun

An equitable claim; an equity of redemption; as, an equity to a settlement, or wife's equity, etc.

‘I consider the wife's equity to be too well settled to be shaken.’;

Debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Equitynoun

A system of jurisprudence, supplemental to law, properly so called, and complemental of it.

‘Equity had been gradually shaping itself into a refined science which no human faculties could master without long and intense application.’;

Equitynoun

the difference between the market value of a property and the claims held against it

Equitynoun

the ownership interest of shareholders in a corporation

Equitynoun

conformity with rules or standards;

‘the judge recognized the fairness of my claim’;