Equitable assets
Glossary of Technical Terms, Phrases, and Maxims of the Common Law · Frederic Jesup Stimson · 1881
Glossary of Technical Terms, Phrases, and Maxims of the Common Law
The assets which a creditor can only reach through a court of equity. Equitable estate: one existing or cognizable originally only at equity, as a trust or interest of a mortgagor. Equitable mortgage: a pledge or hen arising by rules of equity, as when a loan is made on deposit of title deeds. Equitable plea or defence: a defence to a legal action in cases where an injunction would be granted in equity, resting on equitable grounds or doctrines. Equitable vraste: extreme or excessive waste, or injury to the inheritance, forbidden even to a tenant without impeachment of waste; wilful destruction; which could only be remedied by courts of equity, v. Waste.