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

latent equity:
(18c)

1. 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.

References:

Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

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