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In legal contexts, the term 'equitable' is defined as that which is just and right. This encompasses principles that focus on fairness, justice, and the notion of what is morally acceptable in a given situation, rather than solely adhering to rigid legal statutes or precedents. Equity often seeks to provide remedies that are more aligned with the ideals of justice, addressing situations where the strict application of the law might lead to unfair outcomes.

The distinction between this definition and other interpretations lies in the emphasis on fairness and moral considerations. For instance, while strict legal standards (which relate more to formal rules and regulations) may favor a strict interpretation of the law, the equitable approach prioritizes achieving just results that align with ethical standards. Consequently, understanding equitable principles is crucial for those involved in legal practices, as it allows them to advocate for outcomes that not only comply with the law but also reflect a higher moral duty to ensure fairness and justice.