The two times of the year when the sun crosses the equator and night and day are of equal length; usually occurs on March 21st (spring equinox) and September 23 (fall equinox).
Equipment
Special things needed to accomplish a certain task. Tools.
Equipment ground
Grounding wire, separate from the system ground, which goes to a piece of equipment to channel electricity from a faulty piece of equipment to the grounding wire, which prevents the electrocution of someone who is touching the equipment.
Equipment screen
A nonstructural wall or screen constructed around rooftop equipment such as HVAC units, curbs, etc. to hide the look of the equipment and make the structure more aesthetically pleasing.
Equitable conversion
Legal doctrine applied in some states in which, under a contract of sale, buyer and sellers are treated as though the closing had taken place in that the seller in possession has an obligation to take care of the property. Even though the legal title has not passed, the law holds that there has been an equitable conversion that effectively vests the property in the buyer.
Equitable lien
Written contract or court judgment placing a lien on a parcel of property as collateral for a loan.
Equitable owner
The person identified to receive the benefit of property held in trust.
Equitable title
The right to demand that title be conveyed upon payment of the purchase price.
Equity
The difference between the value of a property and the total of any outstanding mortgages or loans against it.
Equity buildup
The increase in a person's equity in real estate due to the reduction in the mortgage loan balance and price appreciation.
