What is the definition of equity?

Beginners

For beginners, 'equity' is a term used to describe fairness, impartiality, and equality in terms of treatment or opportunity, regardless of one's race, gender, or social status. It means ensuring that everyone has an equal chance to succeed and be treated fairly.

Intermediate

Equity refers to fairness or justice in the way people are treated. It means ensuring that everyone has the same opportunities and access to resources, regardless of their background or identity. In the context of economics, equity can also refer to ownership interests in a business or property.

Advanced

For advanced learners, the definition of the word 'equity' could refer to fairness and justice in the distribution of resources, goods, and opportunities, especially in a social, economic, or political context. It often entails the elimination of systematic and structural imbalances that lead to unequal outcomes among different groups of people. In finance and accounting, equity can also refer to the value of a business or property minus any liabilities or debts owed against it.