Neb. 807, 80 N. W. 295.—Natural equity. <A term sometimes employed in works on jurisprudence, possessing no very precise meaning, but used as equivalent to justice, honesty, or morality in business relations, or man’s innate sense of right dealing and fair play. Inasmuch as equity, as now administered, is a complex system of rules, doctrines, and precedents, and possesses, within the range of its own fixed rinciples, but little more elasticity than the aw, the term “natural alee may be understood to denote, in a general way, that which ‘strikes the ordinary conscience and sense of justice as being fair, right, and equitable, in advance of the goston whether the technical jumap Ecence of the chancery courts would so regard it. 5. Equity also signifies an equitable right, ¢. 6., a right enforceable in a court of equity; hence, a bill of complaint which did not show that the plaintiff had a right entitling him to relief was said to be demurrable for want of equity; and certain rights now recognized in all the courts are still known as “equities,” from having been originally recognized only in the court of chancery. Sweet. —Better equity. The right which, in a court of equity, a second incumbrancer has who has taken securities against subsequent dealings to - his prejudice, which a prior incumbrancer neglected to take although he had an opportunity. 1 Ch. Prec. 470, note; Bouv. Law Dict. See Bouv. Inst. note 2462.—Countervailing equity. A contrary and balancing equity; an equity or right opposed to that which is sought to be enforced or recognized, and which ought not to be sacrificed or subordinated to the latter, because it is of equal strength and justice, and equally deserving of consideration.—Latent or secret equity. An equitable claim or right, the knowledge of which has been confined to the pores for and against whom it exists, or which has been concealed from one or several persons interested in the subject-matter.—Perfect equity. An equitable title or right which lacks nothing to its completeness as a legal title or right except the formal conveyance or other investiture which would make it cognizable at laws particularly, the equity or interest of a purchaser of real estate who has paid the purchase price in full and fulfilled all conditions resting on him, but has not yet received a deed or patent. See Shaw v. Lindsey, 60 Ala. 344; Smith v. Cockrell, 66 Ala. 75.—Equity of partners. A term used to designate the right of each of them to have the firm’s property applied to the payment of the firm’s debts. Colwell v. Bank, 16 R. I. 288, 17 Atl. 913.—Equity of redemption. The right of the mortagor of an estate to redeem the same after it as been forfeited, at law, by a breach of the condition of the mortgage, upon paying the amount of debt, interest and costs. Navassa Guano Co. v. Richardson, 26 S. C. 401, 2 8. B 807; Sellwood vy. Gray, 11 Or. 534, 5 Pac. 196; Pace y. Bartles, 47 N. J. Eq. 170, 20 Atl. 352; Simons v. Bryce, 10 S. C. 373.—Equity to a settlement. The equitable right of a wife, when her husband sues in equity for the reduction of her equitable estate to his own possession, to have the whole or a portion of such estate settled upon herself and her children. Also a similar right now recognized by the equity courts as directly to be asserted against the husband. Also called the ‘“wife’s equity.” Poindexter v. Jeffries, 15 Grat. (Va.) 363; rh v. McCreary, 12 Smedes & M. (Miss.) Equity delights to do justice, and that not by halvés. Tallman v. Varick, 5 Barb. (N. ¥.) 277, 280; Story, Eq. Pl § 72.