/ˈɛkwɪti lɔː/ – Phrase
Definition: luật công bằng.
A more thorough explanation: Equity law refers to a system of law that developed in England to supplement the common law and provide remedies where the common law was inadequate. It is based on principles of fairness, justice, and conscience, and aims to provide remedies that are not available under the common law system. Equity law includes doctrines such as specific performance, injunctions, and trusts, and is administered by courts of equity, which are separate from courts of law.
Example: In equity law, the court may order specific performance of a contract if monetary damages are deemed insufficient to remedy the breach.
