1. The value of the shares/stock issued by a company.
2. A branch of law that developed alongside
the common law in order to fix some of the outright bullshit,
injustice and
unfairness present in the common law
Example:
1. This company doesn't have much
equity, it must be financed through a lot of debt. If it doesn't produce enough cash flow from operations, they banks are coming to claim their interest and it's
goind under.
2. Yo, did you hear how the common law courts tried to give the dude's house that he paid for to that
skanky hoe just because her name was on the deed. Thank God that in
Equity he was ruled to have some beneficial title in it. If the common law was the only system that existed, we'd all be anally raped in the snow and left to freeze.