Aequitas Est Quasi Aequalitas Law and Legal Definition
Aequitas est quasi aequalitas is a Latin maxim which means ‘equality is equity.’ The maxim says that when there are no reasons for any other basis of division of property, those entitled to it shall share it equally.
The following is an example of a case law on aequitas est quasi aequalitas:
‘Equitable assets shall be distributed equally and pari passu among all the creditors, without any reference to the priority or dignity of the debts; for courts of equity regard all debts in conscience as equal jure naturali, and equally entitled to be paid; equality is equity, aequitas est quasi aequalitas. And if the fund falls short, all the creditors are required to abate in proportion.’ [State v. Spartanburg & U. R. Co., 8 S.C. 129 (S.C. 1875)].
