Code and Equity

noun

• A set of rules or principles or laws (especially written ones.
  • synonyms: codification
• A coding system used for transmitting messages requiring brevity or secrecy.
• Computer science. ( the symbolic arrangement of data or instructions in a computer program or the set of such instructions)
  • synonyms: computer code

verb

• Attach a code to.
  • usage: "Code the pieces with numbers so that you can identify them later"
• Convert ordinary language into code.
  • usage: "We should encode the message for security reasons"
  • synonyms: encipher, cipher, cypher, encrypt, inscribe, write in code

• (n.) A body of law, sanctioned by legislation, in which the rules of law to be specifically applied by the courts are set forth in systematic form; a compilation of laws by public authority; a digest.
• (n.) Any system of rules or regulations relating to one subject; as, the medical code, a system of rules for the regulation of the professional conduct of physicians; the naval code, a system of rules for making communications at sea means of signals.

• (n.) An equitable claim; an equity of redemption; as, an equity to a settlement or wife's equity, etc.
• (n.) A system of jurisprudence, supplemental to law, properly so called, and complemental of it.
• (n.) Equality of rights; natural justice or right; the giving or desiring to give, to each man his due, according to reason, and the law of God to man; fairness in determination of conflicting claims; impartiality.

noun

• The difference between the market value of a property and the claims held against it.
• The ownership interest of shareholders in a corporation.
• Conformity with rules or standards.
  • usage: "the judge recognized the fairness of my claim"
  • synonyms: fairness

In the broadest sense,' Equity' means ownership. If you own stock, you have equity in, or own a portion however small of the company that issued the stock. Having equity is the opposite of owning a bond or commercial paper, which is a debt the company must repay to you. Equity also means the difference between the amount an asset's current market value the amount it could be sold for and any debt or claim against it. For example, if you own a home currently valued at $300, 000 but still owe $200, 000 on your mortgage, your equity in the home is $100, 000.