Meaning & Definition of word "Equitable"

Equitable

/ˈɛkwɪtəbl/

1. Fair and impartial; treating all parties equally.
- Example: The court's decision was based on an equitable distribution of the assets.
2. Characterized by fairness and justice.
- Example: We strive to create an equitable environment where everyone has access to the same opportunities.
3. Relating to or valid in equity rather than law.
- Example: Equitable remedies are available when monetary compensation is insufficient.

●From Latin 'aequitas', meaning 'fairness, equality'.

equitable distribution:

A fair allocation of resources or benefits among parties.

equitable relief:

A remedy provided by a court that mandates a party to act or refrain from acting in a certain way.

equitable interest:

A legal right to a benefit that is not secured by ownership.

equity:

The quality of being fair and impartial; equity in legal terms refers to the body of law that is concerned with fairness.

equal:

Being the same in quantity, size, degree, or value.

just:

Based on or behaving according to what is morally right and fair.

Meaning: Level playing field

● Example Sentence: They are working to create a level playing field for everyone in the competition.

Meaning: Fair shot

● Example Sentence: Make sure everyone gets a fair shot at the promotion.