EQ glossary terms

Browse full definitions for every EQ term in the Amicus glossary.

Equal

/ˈiːkwəl/

Definitions

  1. (adj.) Being the same in quantity, size, degree, or value, especially under the law.
    All parties must be treated as equal under the law.
  2. (n.) A person or thing considered to be the same as another in status or merit.
    She was recognized as an equal in the legal profession.

Forms

  • equals

Commentary

In legal drafting, 'equal' often implies equivalence in rights or status rather than numerical equality, so clarity is essential when specifying contexts.


Equal Access

/ˈikwəl ˈæksɛs/

Definitions

  1. (n.) The right or opportunity for individuals or groups to obtain or use services, information, or resources without discrimination or undue restriction.
    The law ensures equal access to public education for all students.
  2. (n.) In legal contexts, the principle that all parties must have the same opportunity to participate in legal processes or benefits.
    Equal access to legal counsel is fundamental to a fair trial.

Forms

  • equal access

Commentary

The term 'equal access' is often context-dependent, covering both substantive rights in services and procedural fairness in legal settings.


Equal Credit Opportunity

/ˈiːkwəl ˈkrɛdɪt ˌɒpərˈtunɪti/

Definitions

  1. (n.) A federal law prohibiting discrimination in any aspect of credit transactions based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
    The Equal Credit Opportunity Act ensures lenders cannot discriminate against applicants.

Forms

  • equal credit opportunity

Commentary

Often encapsulated in the Equal Credit Opportunity Act, this term is critical in drafting credit policies to avoid unlawful discrimination.


Equal Credit Opportunity Act

/ˈiːkwəl ˈkrɛdɪt ˌɒpərˈtuːnɪti ækt/

Definitions

  1. (n.) A U.S. federal law enacted in 1974 that prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, or age.
    The Equal Credit Opportunity Act ensures lenders cannot deny credit based on irrelevant personal characteristics.

Forms

  • equal credit opportunity act

Commentary

Commonly abbreviated as ECOA, it is critical in regulating fair access to credit and preventing discriminatory lending practices.


Equal Educational Opportunity

/ˈikwəl ˌɛdʒʊˈkeɪʃənəl ˌɒpərˈtunɪti/

Definitions

  1. (n.) The principle that all individuals should have fair access to education without discrimination based on race, gender, disability, or socioeconomic status.
    The court ruled that the school district violated equal educational opportunity by segregating students racially.
  2. (n.) A legal doctrine derived from civil rights laws requiring public education systems to provide equitable resources and access to all students.
    Equal educational opportunity mandates that schools accommodate students with disabilities to ensure inclusive learning.

Forms

  • equal educational opportunity

Commentary

Often central in litigation involving school segregation, resource allocation, and accommodation mandates, this term emphasizes nondiscrimination and fairness in education access.


Equal Employment Opportunity

/ˈikwəl ɪmˈplɔɪmənt ˌɑːpərˈtunɪti/

Definitions

  1. (n.) The principle and legal mandate that prohibits discrimination in employment based on race, color, religion, sex, national origin, age, disability, or other protected characteristics.
    The company implemented training to ensure equal employment opportunity for all applicants.

Forms

  • equal employment opportunity

Commentary

Often cited in workplace policies and legal statutes, the term underscores non-discriminatory hiring and workplace practices; drafting should emphasize protected classes and compliance requirements.


Equal Employment Opportunity Commission

/ˈiːkwəl ɛmplɔɪmənt ˌɑːpərˈtuːnɪti kəˌmɪʃən/

Definitions

  1. (n.) A federal agency responsible for enforcing laws prohibiting workplace discrimination based on race, color, religion, sex, national origin, age, disability, or genetic information.
    The Equal Employment Opportunity Commission investigates complaints of discrimination filed by employees.

Forms

  • equal employment opportunity commission
  • equal employment opportunity commissions

Commentary

The term specifically refers to the U.S. federal agency established to protect employees from discrimination; ensure accuracy when referencing jurisdiction or functions.


Equal Employment Opportunity Policy

/ˈikwəl ɪmˈplɔɪmənt ˌɑpərˈtunɪti ˈpɑlɪsi/

Definitions

  1. (n.) A formal workplace policy that prohibits discrimination and promotes fairness in hiring, promotion, and employment based on protected characteristics.
    The company implemented an equal employment opportunity policy to ensure compliance with anti-discrimination laws.

Forms

  • equal employment opportunity policy
  • equal employment opportunity policies

Commentary

Often mandated by law, such policies must be clearly written to cover all protected classes and applicable employment practices.


Equal Opportunity

/ˈiːkwəl ˌɒpərˈtjuːnɪti/

Definitions

  1. (n.) The principle that all individuals should have the same chance to apply for and obtain employment, education, or services without discrimination based on protected characteristics.
    The company implemented an equal opportunity policy to prevent workplace discrimination.
  2. (n.) A legal doctrine requiring state and private entities to treat all persons fairly in hiring, promotion, education, and contracting, prohibiting discrimination under statutes such as Title VII and the ADA.
    Equal opportunity laws aim to eliminate bias against minorities and persons with disabilities.

Commentary

Equal opportunity statutes and policies often serve as a foundation for anti-discrimination law but differ from affirmative action in that they focus on nondiscrimination rather than preferential treatment.


Equal Opportunity Law

/ˈiːkwəl ˌɑːpərˈtuːnɪti lɔː/

Definitions

  1. (n.) A body of laws designed to prevent discrimination and ensure fair treatment in employment, education, and other areas based on race, gender, age, disability, or other protected characteristics.
    The company updated its policies to comply with the equal opportunity law to prevent workplace discrimination.

Forms

  • equal opportunity law
  • equal opportunity laws

Commentary

Equal opportunity laws vary by jurisdiction but commonly aim to eliminate biases and promote fairness; precise definitions depend on the specific statute or regulation involved.


Equal Opportunity Policy

/ˈiːkwəl ˌɒpərˈtjunɪti ˈpɒlɪsi/

Definitions

  1. (n.) A formal policy adopted by an organization to ensure nondiscriminatory practices in hiring, promotion, and treatment of employees based on protected characteristics.
    The company updated its equal opportunity policy to comply with new anti-discrimination laws.

Forms

  • equal opportunity policy
  • equal opportunity policies

Commentary

Often includes specific procedures for reporting and addressing complaints; drafting should reflect current legal standards and protected categories.


Equal Pay

/ˈiːkwəl peɪ/

Definitions

  1. (n.) The principle that individuals performing substantially the same work under similar conditions must receive the same remuneration regardless of gender or other protected characteristics.
    The company's policy ensures equal pay for men and women doing equivalent jobs.
  2. (n.) A legal doctrine or requirement enforcing nondiscriminatory compensation practices in employment.
    The equal pay legislation mandates employers to justify any pay disparities between employees.

Forms

  • equal pay

Commentary

Typically invoked in contexts addressing wage discrimination, equal pay mandates careful job comparison and objective criteria to avoid claims of bias.


Equal Pay Act

/ˈiːkwəl peɪ ækt/

Definitions

  1. (n.) A federal law enacted in 1963 aimed at abolishing wage disparity based on sex by requiring equal pay for equal work.
    The company was sued for violating the Equal Pay Act by paying female employees less than their male counterparts for the same job.

Forms

  • equal pay act
  • equal pay acts

Commentary

The Act specifically targets wage differences for substantially similar work performed under similar conditions, emphasizing the importance of job content over job titles.


Equal Pay for Equal Work

/ˈiːkwəl peɪ fər ˈiːkwəl wɜrk/

Definitions

  1. (n.) Principle requiring that employees performing substantially similar work receive equal compensation regardless of gender, race, or other protected characteristics.
    The company was sued for violating the principle of equal pay for equal work by paying female employees less than their male counterparts.

Forms

  • equal pay for equal work

Commentary

This term is fundamental in employment law and is often codified in statutes like the Equal Pay Act. When drafting, ensure job equivalency is clearly defined to avoid disputes.


Equal Protection

/ˈiːkwəl prəˈtɛkʃən/

Definitions

  1. (n.) A constitutional guarantee that no person or group shall be denied the same protection under the law enjoyed by others in similar conditions.
    The Equal Protection Clause prevents states from enacting discriminatory laws.
  2. (n.) A principle requiring laws to be applied fairly and equally, prohibiting arbitrary or unreasonable discrimination.
    Equal protection ensures that government actions treat all individuals equitably.

Commentary

Often invoked in civil rights litigation, equal protection analysis typically involves tiered scrutiny standards depending on the classification involved.


Equal Protection Claim

/ˌiːkwəl prəˈtɛkʃən kleɪm/

Definitions

  1. (n.) A legal claim asserting that a government law or action violates the Equal Protection Clause of the Fourteenth Amendment by discriminating unjustly between different groups or individuals.
    The plaintiff filed an equal protection claim arguing that the law unfairly targeted minority voters.

Forms

  • equal protection claim
  • equal protection claims

Commentary

Equal protection claims commonly require analysis of the level of judicial scrutiny to determine if a classification is permissible.


Equal Protection Clause

/ˈiːkwəl prəˈtɛkʃən klɔz/

Definitions

  1. (n.) A constitutional provision, usually in a state's constitution or the Fourteenth Amendment of the U.S. Constitution, that requires states to provide equal protection under the law to all persons within their jurisdiction.
    The Supreme Court ruled that the state's law violated the Equal Protection Clause by discriminating on the basis of race.

Commentary

Often invoked in civil rights litigation, this clause serves as a fundamental check against discriminatory laws and practices by the government.


Equal Protection Doctrine

/ˈiːkwəl prəˈtɛkʃən ˈdɒktrɪn/

Definitions

  1. (n.) A constitutional principle requiring states to provide equal treatment under the law to all people similarly situated, prohibiting unjust discrimination.
    The court applied the Equal Protection Doctrine to strike down the discriminatory law.

Forms

  • equal protection doctrine

Commentary

Often invoked in challenges to discriminatory laws, this doctrine is primarily derived from the Equal Protection Clause of the Fourteenth Amendment.


Equal Protection Violation

/ˈiːkwəl prəˈtɛkʃən vaɪˈoʊleɪʃən/

Definitions

  1. (n.) A breach of the Equal Protection Clause of the Fourteenth Amendment, involving unjust or discriminatory treatment of individuals or groups under the law.
    The plaintiff alleged an equal protection violation when the government applied the law unevenly to different racial groups.

Forms

  • equal protection violation
  • equal protection violations

Commentary

Commonly arises in civil rights litigation focusing on discriminatory statutes or governmental actions.


Equal Rights

/ˈiːkwəl raɪts/

Definitions

  1. (n.) Legal principles entitling individuals to the same protections and opportunities under the law regardless of characteristics such as race, gender, or religion.
    The constitution guarantees equal rights to all citizens without discrimination.
  2. (n.) The entitlement to identical legal status and treatment in civil rights, political rights, and social freedoms.
    The movement advocated for equal rights for women in voting and employment.

Forms

  • equal rights
  • equal right

Commentary

Typically appears in contexts involving constitutional law and civil rights statutes; drafting should clarify the scope and protected classes to avoid ambiguity.


Equal Treatment

/ˈiːkwəl ˈtriːtmənt/

Definitions

  1. (n.) The principle that individuals or groups should be treated without discrimination and have the same access to rights and opportunities under the law.
    Equal treatment before the law is fundamental to justice.
  2. (n.) A legal doctrine requiring non-discriminatory application of laws, benefits, or protections, often in contexts of employment, services, or access to public facilities.
    Employment policies must ensure equal treatment for all employees regardless of gender.

Forms

  • equal treatment

Commentary

Usage often depends on context, such as civil rights or labor law; precise definition may vary by jurisdiction.


Equality

/ɪˈkwɒlɪti/

Definitions

  1. (n.) The principle that individuals or groups should be treated with the same respect and receive the same legal rights and opportunities without discrimination.
    The constitution guarantees equality before the law for all citizens.
  2. (n.) In property law, the condition of identical interests or rights held by co-owners or parties in a legal relationship.
    The partners shared equality in the ownership of the business assets.

Commentary

Equality often serves as a foundational legal principle in anti-discrimination law and constitutional jurisprudence; care should be taken to distinguish equality as a normative concept from related doctrines such as equity or fairness.


Equality Before the Law

/ɪˈkwɒlɪti bɪˈfɔːr ði lɔː/

Definitions

  1. (n.) The principle that all individuals are subject to the same laws without discrimination or privilege.
    Equality before the law ensures that no one is above legal accountability.
  2. (n.) A fundamental legal concept embedded in constitutional and human rights law to prevent arbitrary treatment by judicial and administrative authorities.
    The court emphasized equality before the law as essential to justice.

Forms

  • equality before the law

Commentary

This principle underpins fair legal processes and limits arbitrary authority; drafters should ensure it is explicitly stated to avoid discriminatory practices.


Equanimity

/ˌekwəˈnɪmɪti/

Definitions

  1. (n.) Mental calmness and composure, especially in difficult legal proceedings or disputes.
    The judge maintained equanimity despite the heated courtroom exchanges.

Forms

  • equanimity

Commentary

Equanimity is valued as a trait in judges and lawyers to ensure impartial and balanced legal decision-making.


Equate

/ɪˈkweɪt/

Definitions

  1. (v.) To regard or treat as equal or equivalent, often in legal reasoning or comparison of rights and obligations.
    The court equated the two contracts to determine liability.

Forms

  • equates
  • equated
  • equating

Commentary

Often used in judicial opinions to highlight similarity in legal status or effect between distinct entities or concepts.


Equation

/ɪˈkweɪʒən/

Definitions

  1. (n.) A statement asserting the equality of two expressions, sometimes used in legal contexts to represent equivalences or balances, such as calculable damages or financial settlements.
    The contract specified an equation for calculating the penalty in case of breach.

Forms

  • equations

Commentary

In legal drafting, 'equation' can metaphorically express a formula or method for resolving quantifiable claims or obligations.


Equilibrium

/ˌiːkwɪˈlɪbrɪəm/

Definitions

  1. (n.) A state of balance between competing legal interests or powers, ensuring no one side unduly dominates or is disadvantaged.
    The court sought an equilibrium between the rights of the plaintiff and the defendant.
  2. (n.) In contract law, a condition where contractual obligations and benefits are evenly matched, promoting fairness.
    The contract was structured to maintain an equilibrium between risk and reward for both parties.

Commentary

In legal contexts, 'equilibrium' often implies a careful balance of rights or obligations, especially in contracts and constitutional law; drafters should specify the interests at stake to clarify the equilibrium being referenced.


Equilibrium Contract

/ɪˌkwɪlɪˈbrɪəm ˈkɒntrækt/

Definitions

  1. (n.) A contract designed to restore or maintain a balance of rights and obligations between parties, preventing undue advantage or detriment.
    The parties entered into an equilibrium contract to ensure fair risk allocation throughout the project's duration.
  2. (n.) In some jurisdictions, a contract that is voidable or unenforceable due to lack of genuine consent, reflecting a state of legal imbalance.
    Because of misrepresentation, the agreement was considered an equilibrium contract subject to rescission.

Forms

  • equilibrium contract
  • equilibrium contracts

Commentary

The term emphasizes contractual balance; drafters should clarify the intended equilibrium effect to avoid ambiguity.


Equilibrium Price

/ˌekwɪˈlɪbriəm praɪs/

Definitions

  1. (n.) The price at which the quantity of goods supplied equals the quantity demanded in a market, resulting in market balance.
    The court analyzed the equilibrium price to assess fair market value in the contract dispute.

Forms

  • equilibrium price
  • equilibrium prices

Commentary

In legal contexts, understanding equilibrium price is critical when evaluating cases involving market competition and price regulation.


Equipment

/ɪˈkwɪpmənt/

Definitions

  1. (n.) Tangible assets or property used in business, trade, or legal contexts, excluding real estate and inventory.
    The contract specified the maintenance responsibilities for the leased equipment.
  2. (n.) Items necessary for legal proceedings or compliance, such as recording devices or protective gear.
    The court authorized seizure of the surveillance equipment used during the investigation.

Commentary

In legal drafting, distinguish equipment from fixtures and inventory to clarify asset classification and rights.


Equitable

/ˌɛkwɪˈteɪbəl/

Definitions

  1. (adj.) Fair and just in the context of law, especially as applied by courts of equity.
    The judge issued an equitable remedy to prevent irreparable harm.
  2. (adj.) Characterizing principles that supplement strict legal rules to achieve fairness.
    Equitable doctrines allow courts to consider fairness beyond statutory law.

Commentary

Use 'equitable' to distinguish remedies and principles derived from equity courts as opposed to strictly legal or statutory rules.


Equitable Claim

/ˌekwɪtəbl kleɪm/

Definitions

  1. (n.) A right recognized by courts of equity to obtain relief or enforcement not available under common law.
    The plaintiff asserted an equitable claim for specific performance of the contract.

Forms

  • equitable claim
  • equitable claims

Commentary

Equitable claims differ from legal claims in that they seek remedies grounded in fairness and justice, often requiring discretionary relief such as injunctions or specific performance rather than monetary damages.


Equitable Defense

/ɪˈkwɪtəbəl dɪˈfɛns/

Definitions

  1. (n.) A defense raised in equity courts based on fairness, preventing enforcement of a claim if it would result in unjust outcomes.
    The defendant invoked an equitable defense to avoid the plaintiff's claim for specific performance.

Commentary

Equitable defenses differ from legal defenses by focusing on fairness and justice rather than strict legal rules; they are applied in courts exercising equity jurisdiction.


Equitable Distribution

/ɪˈkwɪtəbl dɪstrɪˈbjuːʃən/

Definitions

  1. (n.) The legal principle governing the fair division of marital property upon divorce, considering factors like contribution, need, and future earning capacity.
    The court applied equitable distribution to divide the assets between the divorcing spouses.

Forms

  • equitable distribution
  • equitable distributions

Commentary

Equitable distribution is distinct from community property; it focuses on fairness rather than presuming equal ownership.


Equitable Doctrine

/ˌekwɪtəbl ˈdɒktrɪn/

Definitions

  1. (n.) A principle or set of principles developed by courts of equity to achieve fairness when legal remedies are inadequate.
    The court applied the equitable doctrine of estoppel to prevent injustice.

Forms

  • equitable doctrines

Commentary

Equitable doctrines guide courts in using discretion to provide fair outcomes beyond strict legal rules.


Equitable Estoppel

/ɪˈkwɪtəbəl ɪˈstɒpəl/

Definitions

  1. (n.) A legal doctrine preventing a party from asserting rights or facts contrary to their previous conduct if it would harm another who relied on that conduct.
    The court applied equitable estoppel to prevent the landlord from evicting the tenant after accepting late rent payments for years.

Commentary

Equitable estoppel requires reliance and detriment and is distinct from legal estoppel forms; it is used to prevent injustice due to inconsistent behavior.


Equitable Interest

/ˌekwɪtəbl ˈɪntrəst/

Definitions

  1. (n.) A right or interest recognized by equity courts allowing a party to benefit from property ownership even if legal title is held by another.
    The beneficiary holds an equitable interest in the trust's assets.
  2. (n.) An interest enforceable in equity, such as a beneficiary's right under a trust or a purchaser under a contract specifically enforceable.
    He claimed an equitable interest in the real estate despite not having the legal title.

Forms

  • equitable interests

Commentary

Equitable interest is distinct from legal title; drafters should specify whether rights are equitable or legal to clarify enforceability and remedies.


Equitable Ownership

/ˌekwɪtəbl ˈoʊnərʃɪp/

Definitions

  1. (n.) A legal interest in property recognized by courts as deserving protection, distinct from legal ownership, signifying a person's right to obtain full ownership or use of the property.
    Although the title was in his company's name, she held equitable ownership under the trust agreement.

Forms

  • equitable ownership

Commentary

Equitable ownership often arises in trusts and fiduciary arrangements, highlighting the distinction between legal title and beneficial interests.


Equitable Principle

/ˈɛkwɪtəbl ˈprɪnsɪpəl/

Definitions

  1. (n.) A fundamental rule grounded in fairness and justice that guides courts in decision-making, often to supplement or override strict legal rules.
    The court applied the equitable principle to prevent unjust enrichment.

Forms

  • equitable principles

Commentary

Equitable principles serve as flexible standards allowing courts to achieve justice when rigid application of law would result in unfairness.


Equitable Relief

/ˌɛkwɪtəbl rɪˈlif/

Definitions

  1. (n.) A court-ordered remedy requiring a party to act or refrain from acting, based on principles of fairness rather than monetary damages.
    The plaintiff sought equitable relief to prevent the defendant from violating the contract.

Commentary

Equitable relief is distinct from legal remedies as it focuses on fairness and may be discretionary; understanding when to seek such relief is critical in drafting pleadings.


Equitable Remedy

/ˈekwɪtəbəl ˈrɛmɪdi/

Definitions

  1. (n.) A court-ordered relief fashioned according to principles of equity rather than legal rules, typically including injunctions, specific performance, rescission, or reformation.
    The plaintiff sought an equitable remedy rather than monetary damages to prevent the defendant from breaching the contract.

Forms

  • equitable remedies

Commentary

Equitable remedies are discretionary and depend on factors like adequacy of legal remedies; they require clean hands and sometimes irreparable harm.


Equitable Servitude

/ˌekwɪtəbəl ˈsɜːrvɪtjuːd/

Definitions

  1. (n.) A nonpossessory interest in land, enforceable in equity, that restricts the use of the servient estate for the benefit of the dominant estate or a group of owners.
    The court upheld the equitable servitude preventing the owner from building commercial property in the residential neighborhood.

Forms

  • equitable servitude
  • equitable servitudes

Commentary

Equitable servitudes differ from real covenants primarily in enforcement, being based on equitable principles rather than contract law; drafting should clearly establish intent to bind successors and privity of estate or notice to avoid unenforceability.


Equitable Title

/ˌɛkwɪtəbl ˈtaɪtl/

Definitions

  1. (n.) A right or interest in property recognized and enforceable by equity but not yet full legal ownership.
    Although he has equitable title to the property, the legal title remains with the seller until the purchase is complete.

Forms

  • equitable title

Commentary

Equitable title often arises in trust and contract contexts where one party has rights enforceable in equity despite lack of legal title.


Equitable Tolling

/ˌɛkwɪtəbl ˈtoʊlɪŋ/

Definitions

  1. (n.) A legal doctrine allowing courts to pause or extend statutory deadlines if a plaintiff, acting with due diligence, was prevented from filing on time due to extraordinary circumstances.
    The court applied equitable tolling because the plaintiff was unable to file within the statutory period due to misinformation.

Forms

  • equitable tolling

Commentary

Equitable tolling is narrowly applied and requires a showing of both diligence and extraordinary circumstances; it is distinct from statutory tolling, which is based on legislated exceptions.


Equitable Tracing

/ɪˈkwɪtəbl ˈtreɪsɪŋ/

Definitions

  1. (n.) A process in equity law allowing identification and recovery of misappropriated property by following its substitutive proceeds through different forms.
    The court applied equitable tracing to recover the funds diverted into various assets.

Forms

  • equitable tracing

Commentary

Equitable tracing requires a fiduciary relationship or a breach of trust to allow tracing into mixed funds, differentiating it from common law tracing.


Equity

/ˈɛkwɪti/

Definitions

  1. (n.) A body of law developed to supplement and correct the common law by applying principles of fairness and justice.
    The court applied equity to grant an injunction where legal remedies were inadequate.
  2. (n.) The value of an ownership interest in property after deducting liabilities or debts.
    She calculated the equity in her home before applying for a loan.
  3. (n.) The fairness and impartiality applied in the administration of justice.
    Judges must consider equity to ensure just outcomes in complex cases.

Commentary

Equity as a legal concept encompasses both a separate body of jurisprudence and a financial interest; distinguishing these meanings is crucial for legal clarity.


Equity Account

/ˈekwɪti əˌkaʊnt/

Definitions

  1. (n.) An accounting record reflecting the residual interest in the assets of an entity after deducting liabilities, representing owners' stake.
    The company's equity account increased significantly after the new investment.
  2. (n.) A ledger account used in trust or fiduciary contexts to separate equitable interests from legal title.
    The trustee maintained an equity account to manage beneficiaries' interests.

Forms

  • equity account
  • equity accounts

Commentary

In drafting, distinguish equity accounts in corporate finance from those in fiduciary or trust settings to avoid ambiguity.


Equity Agreement

Definitions

  1. (n.) A legally binding contract establishing terms under which one party invests in or acquires equity in a company from another party.
    The investors signed an equity agreement specifying their shareholding percentage and rights.

Forms

  • equity agreement
  • equity agreements

Commentary

Commonly used in venture capital and private equity transactions; precise drafting of rights and obligations is crucial to avoid future disputes.


Equity Capital

/ˈekwɪti ˈkæpɪtl/

Definitions

  1. (n.) The funds invested in a company by its owners or shareholders, representing ownership interest and residual claim on assets after debts are paid.
    The startup raised additional equity capital to expand its operations.

Forms

  • equity capital

Commentary

Equity capital is distinct from debt capital; emphasis on residual ownership highlights its role in corporate finance and insolvency contexts.


Equity Compensation

/ˈekwɪti ˌkɒmpənˈseɪʃən/

Definitions

  1. (n.) A form of non-cash pay that gives employees ownership interests in their employer, such as stock options, restricted stock, or stock appreciation rights.
    The startup offered equity compensation to attract talented engineers without high salaries.

Forms

  • equity compensation

Commentary

Equity compensation often requires careful drafting of vesting schedules and tax considerations; clarity in terms is crucial to avoid disputes.


Equity Court

/ˈɛkwɪti kɔːrt/

Definitions

  1. (n.) A judicial body historically empowered to apply principles of equity, providing remedies not available in courts of law, such as injunctions and specific performance.
    The plaintiff filed the case in the equity court seeking an injunction to prevent the breach of contract.

Forms

  • equity court
  • equity courts

Commentary

Equity courts traditionally operated separately from courts of law, emphasizing fairness over rigid statutory rules; modern jurisdictions often merge these functions.


Equity Dilution

/ˈekwɪti daɪˈluːʃən/

Definitions

  1. (n.) The reduction in existing shareholders' ownership percentage caused by the issuance of new shares.
    Equity dilution occurred after the company issued more stock to raise capital.

Commentary

Equity dilution is a critical concept in corporate finance and securities law, often addressed in shareholder agreements and financing rounds to protect ownership percentages.


Equity Financing

/ˈekwɪti ˈfaɪnænsɪŋ/

Definitions

  1. (n.) The process of raising capital through the sale of shares in a company, representing ownership interests rather than debt obligations.
    The startup secured growth capital through equity financing from venture capitalists.

Commentary

Equity financing contrasts with debt financing; careful drafting distinguishes between ownership interests and creditor claims in transactional documents.


Equity Holder

/ˈɛkwɪti ˈhoʊldər/

Definitions

  1. (n.) An individual or entity that owns equity in a company, such as stockholders or shareholders, possessing ownership interest and potential dividends.
    The equity holders attended the annual shareholders' meeting to vote on corporate matters.

Forms

  • equity holders

Commentary

The term 'equity holder' specifically refers to the status of ownership interest in equity capital, distinct from creditors or debt holders.


Equity in Education

/ˈɛkwɪti ɪn ˌɛdʒʊˈkeɪʃən/

Definitions

  1. (n.) The principle of fairness in educational policy and practice, ensuring all students have equal access to quality education regardless of socioeconomic status, race, or disability.
    The school district implemented policies to promote equity in education by providing additional resources to underserved communities.
  2. (n.) A legal concept addressing systemic barriers and discriminatory practices within public education systems to fulfill constitutional or statutory obligations.
    Litigation over equity in education often seeks remedies for disparities in funding and resource allocation among schools.

Forms

  • equity in education

Commentary

Equity in education differs from equality by focusing on fairness and the removal of systemic barriers rather than uniform treatment; legal approaches often involve constitutional mandates and civil rights enforcement.


Equity Incentive Plan

/ˈɛkwɪti ɪnˈsɛntɪv plæn/

Definitions

  1. (n.) A corporate plan designed to provide equity-based compensation to employees, typically through stock options or restricted stock units, to align their interests with those of shareholders.
    The company's board approved a new equity incentive plan to attract and retain top talent.

Forms

  • equity incentive plan
  • equity incentive plans

Commentary

Equity incentive plans are often governed by securities laws and require careful drafting to ensure compliance with tax rules and shareholder approval.


Equity Injection

/ˈɛkwɪti ɪnˌdʒɛkʃən/

Definitions

  1. (n.) The provision of capital to a company by shareholders or investors to strengthen the company’s financial base.
    The startup secured an equity injection to fund its expansion plans.
  2. (n.) In insolvency or restructuring, a capital investment made to support a financially distressed company and facilitate its continuation or turnaround.
    The court approved an equity injection to keep the troubled company operational during reorganization.

Forms

  • equity injection
  • equity injections

Commentary

Use with precision to distinguish from debt financing; equity injection implies ownership stake dilution rather than repayable debt.


Equity Interest

/ˈɛkwɪti ˈɪntrɪst/

Definitions

  1. (n.) A shareholder's or partner's ownership stake in a company or partnership, representing rights to a portion of the entity's assets and profits.
    Her equity interest in the corporation entitled her to receive dividends.
  2. (n.) The value of an ownership interest in property after deduction of liabilities or encumbrances on the property.
    After paying off the mortgage, he had significant equity interest in the home.

Forms

  • equity interests

Commentary

Equity interest is often used in corporate and partnership contexts; clarifying whether it refers to ownership stake or net property value aids drafting precision.


Equity Investment

/ˈɛkwɪti ɪnˈvɛstmənt/

Definitions

  1. (n.) The acquisition of ownership interest in a company or asset, typically through the purchase of shares or stock, entitling the investor to a proportional share of profits and control rights.
    The startup secured significant equity investment to fund its expansion.
  2. (n.) A form of financing that reflects ownership and residual claim in a business, as opposed to debt financing which requires repayment.
    Equity investment is preferred by entrepreneurs who do not want to incur debt.

Forms

  • equity investment
  • equity investments

Commentary

Equity investment implies both financial stake and participatory rights; legal agreements often specify shareholder rights, dividend policies, and exit options.


Equity Jurisdiction

/ˈɛkwɪti dʒʊərɪsˈdɪkʃən/

Definitions

  1. (n.) The authority of a court to hear cases and grant remedies based on principles of fairness rather than strictly legal rules.
    The court exercised its equity jurisdiction to order the injunction preventing harm.

Forms

  • equity jurisdiction

Commentary

Equity jurisdiction traditionally supplements common law jurisdiction, allowing courts to issue remedies like injunctions and specific performance when legal remedies are inadequate.


Equity Loan

/ˈɛkwɪti loʊn/

Definitions

  1. (n.) A type of loan in which the borrower uses the equity of their property as collateral, typically allowing them to borrow against the value of their home minus any outstanding mortgage.
    He took out an equity loan to fund the home renovations.

Forms

  • equity loan
  • equity loans

Commentary

Equity loans are commonly used in real estate finance; clarity about collateral and repayment terms is essential in drafting loan agreements.


Equity Market

/ˈɛkwɪti ˈmɑrkɪt/

Definitions

  1. (n.) A financial market where shares representing ownership in companies are issued and traded, subject to legal regulations governing securities and corporate governance.
    The equity market has specific disclosure requirements under securities law.

Forms

  • equity market
  • equity markets

Commentary

The term encompasses legally regulated exchanges and over-the-counter systems for trading equity securities, with importance in corporate law and securities regulation.


Equity Offering

/ˈɛkwɪti ˈɒfərɪŋ/

Definitions

  1. (n.) A public or private sale of a company's stocks or shares to investors to raise capital.
    The company announced an equity offering to fund its expansion plans.

Forms

  • equity offering
  • equity offerings

Commentary

Equity offerings may include initial public offerings or secondary offerings and are governed by securities regulations to protect investors.


Equity Purchase

/ˈekwɪti ˈpɜrtʃəs/

Definitions

  1. (n.) The acquisition of ownership interests in a company or asset through the purchase of shares or equity stakes.
    The investor completed an equity purchase of the startup to gain controlling interest.

Forms

  • equity purchase
  • equity purchases

Commentary

Equity purchase agreements often include warranties and representations to protect the buyer; careful drafting of transfer terms is essential.


Equity Receivership

/ˈekwɪti rɪˈsiːvərʃɪp/

Definitions

  1. (n.) A legal process in which a court appoints a receiver to manage and preserve property or assets in dispute, typically to protect the interests of equity holders.
    The court granted an equity receivership to safeguard the company's assets during litigation.

Forms

  • equity receivership

Commentary

Equity receivership is distinct from a statutory receivership; it is grounded in equitable jurisdiction and focuses on the protection of interests beyond mere debt enforcement.


Equity Reit

/ˈekwɪti ˌriːˈaɪˌtiː/

Definitions

  1. (n.) A real estate investment trust (REIT) primarily investing in equity ownership of real estate properties, deriving income mainly from rents rather than mortgage interest.
    The company formed an equity REIT to acquire and manage a portfolio of retail shopping centers.

Forms

  • equity reit
  • equity reits

Commentary

Equity REITs focus on ownership and operation of income-producing properties, contrasting with mortgage REITs that invest in real estate debt instruments.


Equity Reserve

/ˈɛkwɪti rɪˌzɜrv/

Definitions

  1. (n.) A financial reserve created from surplus equity to cover future obligations or contingencies in corporate accounting.
    The company allocated an equity reserve to safeguard against potential legal liabilities.

Forms

  • equity reserve

Commentary

Equity reserve is primarily an accounting term related to corporate finance but has legal relevance in reporting and compliance contexts.


Equity Security

/ˈɛkwɪti səˈkjʊərɪti/

Definitions

  1. (n.) A type of financial instrument representing ownership interest in a corporation or entity, typically in the form of stocks or shares.
    Investors purchased equity securities to gain voting rights and dividends from the company.

Forms

  • equity securities

Commentary

Equity securities differ from debt securities in conferring ownership rather than creditor status. Legal treatment frequently centers on shareholder rights and protections.


Equity Stake

/ˈekwɪti steɪk/

Definitions

  1. (n.) The proportionate ownership interest or share of equity that an investor holds in a company or asset, reflecting rights to profits, dividends, and voting.
    She acquired a 30% equity stake in the startup, giving her significant influence over its operations.

Forms

  • equity stake
  • equity stakes

Commentary

In legal and financial contexts, 'equity stake' emphasizes both ownership and the attendant rights; precise drafting should clarify the extent of control and economic benefits conveyed.


Equity Transfer

/ˈekwɪti ˈtrænsfər/

Definitions

  1. (n.) The legal act of transferring ownership or rights in equity, typically related to shares, interests, or property rights.
    The equity transfer was completed after the shareholders approved the deal.

Forms

  • equity transfer
  • equity transfers

Commentary

Equity transfer often requires compliance with specific statutory or contractual procedures, especially in corporate or property contexts.


Equivalence

/ˌekwɪˈvælən(t)s/

Definitions

  1. (n.) The condition of being legally equal or functionally identical in status, effect, or value.
    The court recognized the equivalence of the foreign judgment with a domestic one.
  2. (n.) A doctrine whereby different legal provisions, acts, or instruments are treated as having the same effect or meaning in law.
    The principle of equivalence allows substituted performance in contract law.

Commentary

Equivalence is often used in contexts requiring comparison of legal effects rather than precise textual identity; drafting should clarify the basis and scope of equivalence to avoid ambiguity.


Equivalency

/ɪˌkwɪvəˈlɛnsi/

Definitions

  1. (n.) The state or condition of being legally equivalent or equal in effect or value.
    The court recognized the equivalency of the foreign judgment with a domestic one.
  2. (n.) A principle under which different legal standards or documents are treated as having the same legal force or meaning.
    Equivalency in licensing requirements allows professionals to work across jurisdictions.

Commentary

Use 'equivalency' to emphasize legal equality or parity between instruments, standards, or rights, particularly in comparative law or recognition contexts.


Equivalency Assessment

/ɪˌkwɪvələˈlɛnsi əˈsɛsmənt/

Definitions

  1. (n.) A formal evaluation determining whether qualifications, skills, or credentials are substantially equal to those required by a specific legal standard or jurisdiction.
    The immigration office conducted an equivalency assessment of her foreign law degree before granting her license to practice.

Forms

  • equivalency assessment
  • equivalency assessments

Commentary

Equivalency assessments often guide legal recognition of foreign qualifications and licenses, crucial in transnational legal practice and licensing decisions.


Equivalent

/ɪˈkwɪvələnt/

Definitions

  1. (adj.) Equal in value, force, effect, or meaning in a legal context.
    The written contract is equivalent to an oral agreement under certain jurisdictional laws.
  2. (n.) Something having equal legal force, value, or effect as another.
    The substitute document served as an equivalent to the original deed.

Commentary

Use 'equivalent' precisely to denote legal equality or sameness in effect, avoiding ambiguity between functional and formal equivalence in contracts or statutes.


Equivocate

/ɪˈkwɪvəˌkeɪt/

Definitions

  1. (v.) To use ambiguous or unclear expressions, especially to avoid committing oneself in a legal context.
    The witness seemed to equivocate when asked about the defendant's whereabouts.

Forms

  • equivocates
  • equivocated
  • equivocating

Commentary

Equivocation often arises in witness testimony or legal statements where a party seeks to avoid direct answers to protect interest or evade liability.


Equivocation

/ɪˌkwɪvəˈkeɪʃən/

Definitions

  1. (n.) The use of ambiguous language to avoid committing to a clear position or to mislead in legal contexts.
    The witness's equivocation during testimony raised doubts about their credibility.
  2. (n.) A fallacy arising from using a word with multiple meanings ambiguously in legal arguments.
    The lawyer's argument was flawed due to equivocation over the term 'consideration'.

Forms

  • equivocations

Commentary

Equivocation often undermines the clarity required in legal contracts or arguments; drafters should avoid ambiguous terms to prevent such issues.

Glossary – EQ Terms