Equity

Disambiguation time

• The law of equity is that system of jurisprudence developed by the courts of chancery designed to make sure the right guy wins, even if the unforgiving laws of contract say he’s four goals down in injury time and the oppo have just egregiously fouled his keeper.
• Equities, also known as shares or stocks, are securities representing ownership interests in a company which rank below debt obligations in an insolvency, but give their holder entitlement to a share of the residual profits of the company in happier times.