- Equity administered by a court of justice, decreeing the aequum et bonum of the case, let who or what be the parties before them. Rhode Island v Massachusetts (US) 12 Pet 657, 738, 9 L Ed 1233, 1266.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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equity — eq·ui·ty / e kwə tē/ n pl ties [Latin aequitat aequitas fairness, justice, from aequus equal, fair] 1 a: justice according to fairness esp. as distinguished from mechanical application of rules prompted by considerations of equity comity between… … Law dictionary
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equity follows the law — The Latin form is aequitas sequitur legem. A maxim of equity which is subject to various interpretations, but the main purpose seems to be to keep judicial action within the boundaries which have been established by the prior course of… … Ballentine's law dictionary
Judicial Foreclosure — Foreclosure proceedings in which a mortgage lacks the power of sale clause. In such an instance, many states require the foreclosure to be processed through the state s courts. If the court confirms that the debt is in default, an auction is held … Investment dictionary
equity delights in amicable adjustments — A maxim of equity; a maxim addressed to the judicial conscience and intended to govern the court in the determination of disputes between litigants. Troll v Spencer, 238 Mo 81, 141 SW 855 … Ballentine's law dictionary