Sunday, March 13, 2011

Word #7

1. Equity
2.Yahoo News
3. This route to an earlier retirement is not for everyone, and it favors people who live in high-cost areas and have considerable equity in their homes to tap.
4. Noun, plural -ties.
1.
the quality of being fair or impartial; fairness; impartiality:the equity of Solomon.
2.
something that is fair and just.
3.
Law .
a.
the application of the dictates of conscience or theprinciples of natural justice to the settlement ofcontroversies.
b.
a system of jurisprudence or a body of doctrines andrules developed in England and followed in the U.S.,serving to supplement and remedy the limitations andthe inflexibility of the common law.
c.
an equitable  right or claim.
4.
the monetary value of a property or business beyond anyamounts owed on it in mortgages, claims, liens, etc.
5. The equity of my grandparents business rose over the years.

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