equity

  • 1.

    The value of a debtor's interest in property that remains after liens and other creditors' interests are considered. (Example: If a house valued at $60,000 is subject to a $30,000 mortgage, there is $30,000 of equity.)

    United States Court of Appeals for the Ninth Circuit 1
  • 2.

    "Equity" means a credit union's reserves and undivided earnings.

    Oregon Legislature 2

1United States Court of Appeals for the Ninth Circuit, Commonly Used Terms - U.S. Courts, http://­www.ca9.uscourts.gov/­content/­view.php?pk_id=0000000237 (last accessed May 28, 2009).

2Or. Rev. Stat. § 723.001 (2007).