It's often instructive to compare entries in older and newer versions of Black's Law Dictionary—and on subjects I work on, the older ones are usually better. An example is the entry for equity.

Columbia City Council voted 5-1, with Fifth Ward councilperson Donald Waterman dissenting, to keep the city’s original definition of “equity” in its strategic plan instead of omitting diversity, ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...