What's the difference between chancery and equity?

Chancery


Definition:

  • (n.) In England, formerly, the highest court of judicature next to the Parliament, exercising jurisdiction at law, but chiefly in equity; but under the jurisdiction act of 1873 it became the chancery division of the High Court of Justice, and now exercises jurisdiction only in equity.
  • (n.) In the Unites States, a court of equity; equity; proceeding in equity.

Example Sentences:

  • (1) He is likely to be replaced by an appeal judge with a chancery background.
  • (2) It is the largest ever reached in a so-called derivative lawsuit in Delaware chancery court, said Jay Eisenhofer, partner at Grant & Eisenhofer, who represented Amalgamated Bank.
  • (3) * In Chancery, having noted My Lady Dedlock's interest, Mr Tulkinghorn is enquiring about the identity of the scrivener.
  • (4) The paper said a document dated August 2010 showed that "confidential information thus stolen from foreign chanceries, and in particular from France", played a major role in obtaining the vote, on 9 June 2010, on a UN resolution imposing new sanctions on Iran for not respecting obligations over its nuclear programme.
  • (5) As it was any spectators crammed into the gangways of court 16 expecting high courtroom drama will have left as many have before: baffled and generally wrung out by the mind-fuddling complexities of chancery proceedings.
  • (6) And so with the chancery day extended to its brain-wiping maximum we retired to await tomorrow's verdict.
  • (7) I had a fare once, a woman who screamed all the way that my route from “Chancery Lane” in central London to Northington Street was wrong.
  • (8) Several accounting experts said there are many legitimate reasons why US and foreign companies incorporate in Delaware, particularly because of its highly respected Court of Chancery and business-friendly state government.
  • (9) "Make no mistake, Richard," he warned, "No good will ever come from Chancery."
  • (10) A chancery built next door to Lutyens' building looks – everyone admits – like a 1960s high school, detracting from the glamour of the residence, which is now solely occupied by the ambassador's family.
  • (11) We felt we had absolutely no choice but to stand up for ourselves, and indeed all other artists, who are likely to suffer similar circumstances.” None of the group members was in court as the judge, sitting in the high court chancery division, announced the law was on the side of the claimant publishers.
  • (12) He visited the US and then moved to London, where he worked as a clerk in a Chancery Lane law firm.
  • (13) Sir Hayden Phillips , 67, the clerk of the crown in chancery during negotiations over whether Michael Ashcroft should be appointed a peer, was responsible for ensuring that the Conservative party stuck to promises given to the political honours and scrutiny committee that he would become a permanent resident in the UK and pay tax on his earnings.
  • (14) But neither served in the chancery division, as Walker did.
  • (15) The legal complaint filed in Delaware chancery court said: "Murdoch has treated News Corp like a family candy jar, which he raids whenever his appetite strikes.
  • (16) The brightly fronted K Chido on Chancery Street is a great stop-off for inexpensive Mexican food – served out of a food truck.
  • (17) In Chancery, the lawyers grow rich while their clients go mad, but Mr Tulkinghorn has intelligence that Nemo is a Captain Hawdon with whom My Lady Dedlock had an Affair before she married Sir Leicester, and from which union sprang the woman we now know as Miss Esther Summerson.
  • (18) How it pained me to see him gripped by the curse of Chancery, still more so as Ada was so devoted to him and has married him in secret.
  • (19) Sir Andrew Morritt, who presides over the chancery division as chancellor of the high court, must retire by next February, when he turns 75.
  • (20) She worked as a trainee at Hogan Lovells solicitors in London before moving to the Chancery Lane firm Lewis Silkin in 2012.

Equity


Definition:

  • (n.) Equality of rights; natural justice or right; the giving, or desiring to give, to each man his due, according to reason, and the law of God to man; fairness in determination of conflicting claims; impartiality.
  • (n.) An equitable claim; an equity of redemption; as, an equity to a settlement, or wife's equity, etc.
  • (n.) A system of jurisprudence, supplemental to law, properly so called, and complemental of it.

Example Sentences:

  • (1) Video games specialist Game was teetering on the brink of collapse on Friday after a rescue deal put forward by private equity firm OpCapita appeared to have been given the cold shoulder by lenders who are owed more than £100m.
  • (2) Private equity millionaires, wealthy hedge fund managers, some of the most successful bankers in financial history – they crowded into Cavendish’s Georgian offices.
  • (3) Just months later, Grade popped up fronting a private-equity backed bid for Pinewood from the Rank Group.
  • (4) The implementation of equity policies in health have however been challenged by several trends and features of the health care system, these becoming more pronounced in the economic stagnation period after 1983.
  • (5) Some scientists, backed by countries like China and India, have tried to build an “equity calculator” based on capacity, responsibility and need.
  • (6) Entitled Jobs, Justice and Equity, the report warned that growing inequality, marginalisation and disenfranchisement are threatening Africa's prospects and undermining the foundations of its recent success.
  • (7) The results indicate that half or more of the interstate differences in spending for this population group are due to actuarial and efficiency factors rather than deviations from equity potential.
  • (8) Given the poor profitability profile of the operating companies, it is no surprise that the private-equity-owned businesses have not always needed to adopt the high leverage model to secure a tax advantage.
  • (9) The recently bailed-out Belgian-French bank Dexia had a capital ratio well above regulatory limits but a leverage ratio more than 60 times its equity base.
  • (10) Shed Media, the independent producer behind Supernanny and Waterloo Road, is reportedly in talks with private-equity firms about a buyout of the business.
  • (11) Effectiveness, efficiency and equity in health care are discussed in this article against the background of concerns that 'cost containment' may lead to reductions in quality of care.
  • (12) In his critique of a GST increase on equity grounds, Bowen noted that Morrison had opened his tenure in the treasury portfolio by declaring the Commonwealth had a spending problem, not a revenue problem – but now seemed more interested in chasing revenue than cutting spending.
  • (13) A joint receiver and restructuring services partner at Deloitte, Neville Kahn, added: "The senior lenders were reluctant to appoint a receiver but felt they had no choice due to the ongoing defaults, which have remained uncured for over five years, and concerns that the borrowers' lack of equity in the transaction had caused their incentives to become misaligned with the lenders'."
  • (14) While several banks have improved their capital ratios, including through raising fresh equity, balance sheet repair remains incomplete and fragmentation persists."
  • (15) Last year it launched a £404m fund-raising to pay down debt, which saw private equity house Warburg Pincus take a 15% stake.
  • (16) David Thebault, head of quantitative sales trading at Global Equities, Paris "The timing for such a huge rights issue is quite bad.
  • (17) The equity markets remained under pressure on Thursday with a fall in the oil price refocusing attention on the weakness of the global economy.
  • (18) Jeremy Brade, who led the transaction on behalf of Harwood Private Equity, added: "We are delighted to support the acquisition of the titles and the management team with its ambitious plans for the business".
  • (19) If the Coalition keeps going down the current path, its most enduring achievement will be the dismantlement of the equity-based federal funding settlement achieved under Whitlam and the dawn of a new era of evidence-less policy making.
  • (20) It also severely restricts their investments in high-risk hedge funds and private equity ventures.