The distinction between law and equity occurs in other systems.
The company's mission is "to illuminate the connections between technology, innovation, economic growth, and social equity."
The distinction between "law" and "equity" is an accident of history.
In modern practice, perhaps the most important distinction between law and equity is the set of remedies each offers.
However, the substantive distinction between law and equity has retained its old vitality.
As so often, we have conflict between equity or fairness and efficiency.
A choice between debt and equity was made on the assumption that this choice did not have to stand the test of time.
We can now pose the choice between efficiency and equity in a stark form.
Earlier in the chapter, we stressed the distinction between efficiency and equity.
However, the balance between debt and equity is remarkably changed.