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Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

EQUITY

1. the ownership interest in a company (as determined by subtracting liabilities from assets). For incorporated business enterprises, equity is owned by the shareholders (common stockholders and/or preferred stockholders). If the corporation is publicly held, then the shares will be traded in the EQUITY MARKET (ie, a stock exchange or an over-the-counter market).

See balance sheet

2. the value of property minus liens (or other encumbrances). For example, one’s equity in a home [with a mortgage] is the value of the property minus the amount of the mortgage debt.
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Source: Barron's Dictionary of Legal Terms, Steven H. Gifis, 5th Edition; ©
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