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:c : a risk interest or ownership right in property
:c : a risk interest or ownership right in property
:d : the common stock of a corporation
:d : the common stock of a corporation
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<center>For lessons on the [[topic]] of '''''Equity''''', follow [http://nordan.daynal.org/wiki/index.php?title=Category:Equity '''''this link'''''].</center>
==Description==
==Description==
'''Equity''' is the [[name]] given to the set of legal principles, in [[jurisdictions]] following the [[English]] [http://en.wikipedia.org/wiki/Common_law common law] [[tradition]], which supplement strict rules of law where their application would operate harshly. In civil legal systems, broad "general clause" allow [[judges]] to have similar leeway in applying the code.
'''Equity''' is the [[name]] given to the set of legal principles, in [[jurisdictions]] following the [[English]] [http://en.wikipedia.org/wiki/Common_law common law] [[tradition]], which supplement strict rules of law where their application would operate harshly. In civil legal systems, broad "general clause" allow [[judges]] to have similar leeway in applying the code.