Court Of Equity Legal Meaning and Definition

Here is a simplified definition of the legal term Court Of Equity.

Court of Equity (noun)

A Court of Equity is a legal term referencing a type of court that makes judgements based on fairness and conscience, rather than strictly by established law. This system originated in fourteenth-century England, when the chancellor presided over these courts. Today, some direct equivalents to the Court of Equity still exist, particularly in older English towns. The Court of Equity considers the principles of justice and is often used when the available legal remedies are not adequate.