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Equity claim

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Equity claim
Also called a residual claim; a claim to a share of earnings after debt obligations have been satisfied.


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With respect to bankruptcy proceedings, a creditor is not entitled to a dividend in respect of an equity claim until all claims that are not equity claims have been satisfied.
The actors' union Equity claims contestants in TV talent programmes are being exploited by companies.
That date is the effective date of the legislature's amendment of the equitable distribution statute in four significant respects: abrogating the special equity doctrine and replacing special equity claims with claims for unequal distribution or enhancement in value of nonmarital assets, defining the burden of proof to overcome the gift
 
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