Meaning of equity

[ofelia]

English Language Proficiency Tests, Advanced Level

ESL/EFL Test #89 "Verbal Learning", question 5

Despite all the chaos around him the captain remained totally calm and assumed an air of ..........

(a) equation
(b) equality
(c) equanimity
(d) equity

English Language Proficiency Tests, Advanced Level

ESL/EFL Test #89 "Verbal Learning", answer 5

Despite all the chaos around him the captain remained totally calm and assumed an air of equanimity.

Correct answer: (c) equanimity
_________________________

what does equity mean?

ofelia

[Conchita]

Equity is a state of justice. Ordinary shares (in a company) are equities, too.

In equity is to be fair.

[Canadian45]

As you know, equity is not the correct answer here, and equity has several different meanings. One of the meanings is ''freedom from bias or favoritism'', which is similar to 'equality' and 'fairness'.
Check your dictionary for the other meanings of equity.
Equanimity is the only correct answer here.