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What does equitability mean?

Looking for the meaning or definition of the word equitability? Here's what it means.

Noun
  1. The quality of being equitable; equitableness.
  2. (ecology) The extent of the representation by equal numbers of individuals of the different species of a given community.
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The criterion of fairness and equitability refers to the specific quality of both the negotiation process and the actual benefit sharing itself.
It greatly enhances the predictability, transparency and equitability of local government finances.
To date, our efforts have been focused on the equitability of the current NPF funding distribution methodology.
In terms of equitability and self-worth Via Verde does more than just aim to provide decent housing that fits noiselessly into its neighborhood.
This was not resolved until 1984 when it was agreed to modify the budget design mechanisms so as to ensure greater equitability in the distribution of financial burdens.
The rising wealth of the nation's richest taxpayers will most likely intensify debate among tax and policy analysts about the equitability of the tax code, which analysts say favors the ultrawealthy.

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