Equitable Assets - Definition - Law Dictionary Home Dictionary Definition equitable-assets

Definition :

Equitable assets, Assets which could only be made available to creditors in a Court of equity; legal, in a Court of law (Halsb. L.E.); the distinction is not of any importance in regard to deaths after 1925, see ss. 2(3) and 32 of the Administration of Estates Act, 1925. See EXECUTOR.