Equity
A stake of ownership in some asset, like land, a building, or a business. A company’s stock is a share of equity in that company. If you have a mortgage on a house, your “equity” is the total value you have paid off so far.
Equity is what would be left for the owners if a business sold what it owns and paid what it owes. On a balance sheet that is assets minus liabilities. It is not the stock price on your phone. A company can show a large equity number while the share price falls, because the price is what buyers will pay today and equity is the accounting leftover. If you own shares, you own a slice of that leftover, and lenders are paid first.
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