Contravening Equity – a right or interest that is inconsistent with or contrary to a right sought to be enforced.

Countervailing Equity – a contrary and balancing equity, equally deserving of consideration.

Latent Equity – an equitable claim or right known only by the parties for and against whom it exists, or that has been concealed from one who is interested in the subject matter. — aka secret equity.

Perfect Equity – an equitable title or right that, to be a legal title, lacks only the formal conveyance or other investiture that would make it cognizable at law (i.e. the equity of a real-estate purchaser who has paid the full amount but has not yet received a deed).

Negative Equity – the difference between the value of an asset and the outstanding amount of the loan secured by the asset when the asset’s current value is less than the loan’s balance.

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