Fairness, impartiality, or justice as determined in light of "natural law" or "natural right".
Sufficeth what they in their graue wiſedoomes ſhall proſcribe, I in no ſorte will ſeeke to acquite, nor preſumptuouſly attempte to diſpute againſt the equity of their iudgementes, but humble and proſtrate appeale to their mercies.
Various related senses originating with the Court of Chancery in late Medieval England
1800, Lloyd Kenyon, 1st Baron Kenyon in Mayor, &c. of Southampton v. Graves (1800), 8 T. R. 592. A Court of equity knows its own province.
Various senses related to net value
I have a lot of equity in my house.
From Middle English equitee, equytee, from Old French equité, from Latin aequitās (“uniformity; impartiality; fairness”).
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