Equity: Equity is an undefined legal concept that describes a fair or reasonable application of general legal provisions in individual cases. It allows judges to make decisions taking into account individual situations and principles of justice, even if they are not strictly defined by existing laws or rules. See also Court proceedings, Jurisdiction, Justice._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |