9 to conceal in or about the hand, as in sleight-of-hand tricks. 10 to touch or soothe with the palm of the hand, (See also) â palm off. (C14 paume, via Old French from Latin palma; compare Old English folm palm of the hand, Greek palame). English Collins Dictionary-English Definition & Thesaurus &nbsp. See also:
owners' equity. The owners' interest in the assets of a business. Owners' equity includes the amount invested by the owners plus the profits (or minus the losses) in the enterprise. Owners' equity and liabilities are used to finance a firm's assets. Also called net assets, shareholders' equity, stockholders' equity.
In accounting, equity is usually defined as the value of the assets contributed by the owners. This is added to the total income earned and retained by the company to give the company's total equity value. This description of equity is correct but very simplistic.