equity of statute

equity of statute
The reason and spirit underlying a statute as aids to its interpretation. 50 Am J1st Stat § 304.

Ballentine's law dictionary. . 1998.

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  • equity — [ek′wit ē] n. pl. equities [ME equite < OFr équité < L aequitas, equality < aequus: see EQUAL] 1. fairness; impartiality; justice 2. anything that is fair or equitable ☆ 3. the value of property beyond the total amount owed on it in… …   English World dictionary

  • Equity (law) — The Court of Chancery, London, in the early 19th century Equity is the name given to the set of legal principles, in jurisdictions following the English common law tradition, that supplement strict rules of law where their application would… …   Wikipedia

  • equity — Justice administered according to fairness as contrasted with the strictly formulated rules of common law. It is based on a system of rules and principles which originated in England as an alternative to the harsh rules of common law and which… …   Black's law dictionary

  • equity — Justice administered according to fairness as contrasted with the strictly formulated rules of common law. It is based on a system of rules and principles which originated in England as an alternative to the harsh rules of common law and which… …   Black's law dictionary

  • Statute law — Law Law (l[add]), n. [OE. lawe, laghe, AS. lagu, from the root of E. lie: akin to OS. lag, Icel. l[ o]g, Sw. lag, Dan. lov; cf. L. lex, E. legal. A law is that which is laid, set, or fixed; like statute, fr. L. statuere to make to stand. See… …   The Collaborative International Dictionary of English

  • Statute of Uses — An English statute of 1536 (27 Henry VIII ch 10), generally recognized as a part of the common law of states of the United States, which gave a legal status to so called uses theretofore recognized only in equity, providing that the legal title… …   Ballentine's law dictionary

  • Statute of limitations — A statute of limitations is a statute in a common law legal system that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. In civil law systems, similar provisions are… …   Wikipedia

  • equity acts in personam — A maxim in equity. The Latin form, aequitas agit in personam. Schmaltz v York Mfg. Co. 204 Pa 1, 53 A 522. Equity deals primarily with the person, and usually only through him with the res. Atlantic Seaboard Natural Gas Co. v Whitten, 315 Pa 529 …   Ballentine's law dictionary

  • Statute of Uses — The Statute of Uses (enacted in 1535 and effective in 1536) is an Act of the Parliament of England (27 Hen. VIII c. 10) passed during the reign of Henry VIII which converted all English equitable estates that were created through use into legal… …   Wikipedia

  • Equity of redemption — The equity of redemption refers to the right of a mortgagor in law to redeem his property once the liability secured by the mortgage has been discharged.Historically, mortgages were made by the mortgagor executing a conveyance of legal title to… …   Wikipedia

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