[E035]

equity
1) When referring to property, it is the owner's actual interest or worth in a property. Computed by subtracting the amount owed on the property from the value of the property. The amount remaining is the equity in the property.

2) When referring to owner's equity in a business, it is the total amount of liabilities for that business, subtracted from total assets. The amount remaining is the owner's equity in the business.