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.
a cut and polished precious stone; gem. 2. a fashioned ornament for personal adornment, especially of a precious metal set with gems. 3. a precious possession. 4. a person or thing that is treasured, esteemed, or indispensable.