equity

Vocabulary Word

Definition

'Equity' means ownership interest in something such as property or business. It’s kind of like your share of a treasure chest or pie. It's also about fairness in economic, political or social contexts.

Examples in Different Contexts

In property, 'equity' means the difference between a home's market value and the outstanding mortgage. A homeowner might claim, 'Over the years, I've built significant equity in my house.'

Practice Scenarios

Business

Scenario:

Our focus this quarter is to increase the company's net worth and value for the stakeholders.

Response:

Improving shareholder equity should definitely be a focus. Maybe we could cut costs and optimize operations.

Public-Policy

Scenario:

Working towards an equal opportunity society is our mission. Education and employment need a deep-dive.

Response:

Absolutely, focusing on equity in education should be our start point. This will pave the way for equal opportunities.