Wife's Equity Law and Legal Definition

The term “wife’s equity” means a wife's equitable right to have settled upon her and her children all or part of the estate when her husband sues in a court of equity for the reduction of her equitable estate to his own possession. This is also termed wife's settlement.

A wife’s equity to settlement is binding upon the husband as well as his assignee under the bankruptcy laws. A wife’s right upon the equity extends to her children also, but the children cannot insist upon her right on her death.