Equity can have somewhat different meanings, depending on the context and the type of asset. In finance in general, you can think of equity as one's degree Asset · Private Equity · Stockholders' Equity · Home Equity. the quality of being fair and impartial, the value of the Meaning, pronunciation, example sentences, and more from Oxford Dictionaries. Equity definition, the quality of being fair or impartial; fairness; impartiality: the equity of Solomon. See more.