Equity
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
That system of jurisprudence administered first by the English Court of Chancery; a jurisdiction originally resident in the Crown and exercised by the Chancellor.
Courts of Equity: V. Court, 15, 109.
Equity of a statute: the sound interpretation of a statute, taking into consideration its reason and spirit.
Equity of redemption: 1.
The estate of a mortgagor in mortgaged land.
2.
The mortgagor's right of redeeming after breach of conditions or foreclosure.
Equity side of the Exchequer: V. Court, 11.
Equity to a settlement or Wife's equity: the right which a wife has in equity to have a portion of her equitable estate (usually one half) settled upon herself and children. It may now be claimed by her; but was originally granted only when the husband sued in equity for the