Equitable

Equitable in United Kingdom

Definition of Equitable

In accordance with the work A Dictionary of Law, this is a description of Equitable : adj.

1. Recognized by or in accordance with the rules of equity: applied to distinguish certain concepts used in both common or statute law and in equity. For example, assignments and mortgages can be either legal or equitable.

2. Describing a right or concept recognized by the Court of Chancery.

3. Just, fair, and reasonable. For example, a document may have two meanings, one strict and the other (the equitable construction) more benevolent.


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