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equity (law) |
Also found in: Wikipedia | 0.06 sec. |
equitySystem of law supplementing the ordinary rules of law where the application of these would operate harshly in a particular case; sometimes it is regarded as an attempt to achieve ‘natural justice’. So understood, equity appears as an element in most legal systems, and in a number of legal codes judges are instructed to apply both the rules of strict law and the principles of equity in reaching their decisions. |
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