Generally speaking, equity is the value of an asset less the amount of all liabilities on that asset. It can be represented with the accounting equation: Assets -Liabilities = Equity. BREAKING DOWN 'Equity ' Equity can have somewhat different meanings, depending on the context and the type of asset.
precious metal. 1. a metal of the gold, silver, or platinum group. And yet here you are, looking at a glass of amber liquid that is worth its weight in a precious metal. One Percent Shots! It is a relic of the age of gold, when this precious metal was used in a thousand forms, not seen to-day.
Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, fine jewelry and coinage.