Equity is a financial term which used nowadays in share market business.
Equity can be considered as a value of the ASSET and deduct the LIABILITIES from it. Can be considered as (Equity = Assest-Liabilities) in formulae.
We can think of equity as one’s ownership in any asset all debts associated with the asset are paid off. Explained in brief.. that If any property with no outstanding debt/emi will be considered the owner equity, so owner can able to sell the property for any term exchange as cash.
For more details: https://www.investopedia.com/terms/s/stockholdersequity.asp