Source : Webster's Revised Unabridged Dictionary (1913)

Equitable \Eq"ui*ta*ble\, a. [F. ['e]quitable, from
   ['e]quit['e]. See {Equity}.]
   1. Possessing or exhibiting equity; according to natural
      right or natural justice; marked by a due consideration
      for what is fair, unbiased, or impartial; just; as an
      equitable decision; an equitable distribution of an
      estate; equitable men.

            No two . . . had exactly the same notion of what was
            equitable.                            --Macaulay.

   2. (Law) That can be sustained or made available or effective
      in a court of equity, or upon principles of equity
      jurisprudence; as, an equitable estate; equitable assets,
      assignment, mortgage, etc. --Abbott.

   Syn: Just; fair; reasonable; right; honest; impartial;
        candid; upright.

Source : WordNet®

equitable
     adj : implying justice dictated by reason, conscience, and a
           natural sense of what is fair to all; "equitable
           treatment of all citizens"; "an equitable distribution
           of gifts among the children" [syn: {just}] [ant: {inequitable}]