A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.
In most cases the favorable price performance will be accompanied by a well-defined improvement in the average earnings, in the dividend, and in the balance-sheet position. Thus in the long run the market test and the ordinary business test of a successful equity commitment tend to be largely identical.benjamin graham
Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity – myself especially – are in a state of shocked disbelief.Alan Greenspan
In his private dealings he was just. He treated friends and strangers, the rich and poor, the powerful and weak, with equity, and was beloved by the common people for the affability with which he received them, and listened to their complaints.[...]washington irving
It must not be forgotten that the rules of Courts of equity are not, like the rules of the common law, supposed to have been established from time immemorial. It is perfectly well known that they have been established from time to time — altered, improved, and refined from time to time. In many cases we know the names of the Chancellors who invented them.george jessel
The well understood equity as well as interest of society demand that we work on much more to prevent crime and offenses than to punish them.african spir
The extent to which this process of political organization of disadvantaged groups has occurred has varied a great deal between different parts of India… In West Bengal, for instance, effective organization of different groups under the leadership of the ‘left front’ parties has led to a significant change in the balance of political power, and this, in turn, has provided the basis for important social achievements, notably land reforms…West Bengal provides a good example of the possibility and rewards of land reform programmes (enhancing equity as well as the efficiency of local agriculture.)Amartya Sen and Jean Dréze in India: Economic Development and Social Opportunity.
equity in its general sense is that quality in the transactions of mankind which accords with natural justice, or with honesty and right. . . . But in its juridical sense, that is to say, as administered by the Courts, equity embraces a jurisdiction much less wide than the principles of natural justice:;; for there are many matters of natural justice which the Courts have wholly unprovided for, partly from the difficulty of framing rules to meet them and partly from the doubtful policy of attempting to give a legal sanction to duties of so-called imperfect obligation, such as charity, justice and kindness.Snell, Eq. Part I., Ch. 1, p. 1. (The Dictionary of Legal Quotations (1904))
Very happily, the more the law is looked into, the more it appears founded in equity, reason, and good sense.Lord Mansfield, James v. Price (1773), Lofft. 221
A Court of equity ought to follow the law.Kindersley, V.-C, Wynch v. Grant (1854), 3 W. R. 6.
A Court of equity knows its own province.Lord Kenyon, Mayor, &c. of Southampton v. Graves (1800), 8 T. R. 592.
A party who seeks equity must do equity.Cottenham, L.C., Sturgis v. Champneys (1839), 5 My. & Cr. 105.
I do not pretend to dispense equity at large, but only by the consent of the parties, upon a rule of Court.Holt, C.J., Anonymous (1699), 3 Salk. 213.
"equity is a roguish thing:;: for law we have a measure:;; know what to trust to. equity is according to the conscience of him that is Chancellor; and, as that is larger or narrower, so is equity. 'Tis all one, as if they should make his foot the standard for the measure we call a foot 'a Chancellor's foot'; what an uncertain measure would this be! One Chancellor has a long foot. another a short foot, a third an indifferent foot; 'tis the same thing in the Chancellor's conscience.Selden, "Table Talk," title: Equity, p. 37.
A Court of equity may do great things, but cannot alter things, or make them to operate contrary to their essential natures and properties.Powel, B., Montague v. Lord Bath (1693), 3 Ca. in Ch. 67.
A man must come into a Court of equity with clean hands.Eyre, L.C.B., Dering v. Earl of Winchelsea (1787), 1 Cox, Eq. Ca. 319.
I commend the Judge that seems fine and ingenious, so it tend to right and equity. And I condemn them, that either out of pleasure to shew a subtil wit will destroy, or out of incuriousness or negligence will not labour to support the act of the party by the art or act of the law.Lord Hobart, Pits v. James (1614), Hob. Rep. 125.
But surely it is a rule, both in law and equity, so to construe the whole deed or will, as that every clause should have its effect.Parker, L.C., Butler v. Duncomb (1719), 1 P. Wms. 457.
Where the law is known, and clear, though it be inequitable and inconvenient, the Judges must determine as the law is, without regarding the unequitableness or inconveniency, but where the law is doubtful and not clear, the Judges ought to interpret the law to be as is most consonant to equity, and least inconvenient.Vaughan, L.C.J., Dixon v. Harrison (1669), Vaughan's Rep. 37, 38, Fortesc. 392, 393.
The principle of equity first came into evidence in Roman jurisprudence and was derived by analogy from the physical meaning of the word.Herbert Read (1963), in Selected Writings: Poetry and Criticism, p.315
equity is a roguish thing. For Law we have a measure, know what to trust to; equity is according to the conscience of him that is Chancellor, and as that is larger or narrower, so is equity. 'T is all one as if they should make the standard for the measure we call a "foot" a Chancellor's foot; what an uncertain measure would this be! One Chancellor has a long foot, another a short foot, a third an indifferent foot. 'T is the same thing in the Chancellor's conscience.john selden
II est fort equitable et de publique convenience que gens ferront aide en recovery de lour duties (It is very agreeable to equity, and of public convenience, that people should be aided in recovering their duties).Vaughan, C.J., Witherhead v. Harrison (1670), Jones's (Sir Thos.) Rep. 2.
The limitation of suits is founded in public convenience; and attended with so much utility, that Courts of equity adopt this Statute as a positive rule, and apply it, by parity of reason, to cases not within it.Lord Mansfield, Johnson v. Smith (1759), 2 Burr. Part IV., p. 961; reported in James William Norton-Kyshe, Dictionary of Legal Quotations (1904), p. 163.
Though departing from the Truth as it is in Jesus, through introducing Ways of Life attended with unnecessary Expences, many Wants have arisen, the Minds of People have been employ'd in studying to get Wealth, and in this Pursuit, some departing from equity, have retain'd a Profession of Religion; others have look'd at their Example, and thereby been stengthen'd to proceed further in the same Way: Thus many having encourag'd the Trade of taking Men from Africa and selling them as Slaves.p. 292; cited in: On The Slave Trade by John Woolman on qhpress.org, 2013
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