Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

equity term

Read a random definition: beach bum trust provision

A quick definition of equity term:

Equity term refers to a specific period of time during which a court hears cases related to equity, which is a type of law that deals with fairness and justice. It is one of the different types of terms used in the legal system, which can also refer to a fixed period of time for a contract or lease, or a period during which a court conducts judicial business. The term equity term is important for understanding when certain types of cases will be heard in court.

A more thorough explanation:

An equity term is a period during which a court tries only equity cases. Equity cases are those that involve fairness and justice, rather than legal technicalities. For example, a case involving a dispute over property ownership may be heard in equity court if the legal ownership is unclear, and the court needs to determine what is fair and just.

One example of an equity case is a dispute over a will. If the will is unclear or there are questions about its validity, an equity court may be called upon to determine how the deceased person's assets should be distributed.

Another example of an equity case is a dispute over a contract. If one party claims that the other party did not fulfill their obligations under the contract, an equity court may be called upon to determine what is fair and just in the situation.

Overall, equity terms are important because they allow courts to focus on cases that require a deeper understanding of fairness and justice, rather than just legal technicalities.

equity stock | equity to a settlement

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
LSD+ is ad-free, with DMs, discounts, case briefs & more.