'Equity is the state or quality of being just or fair with impartiality. Equity is justice achieved not simply according to the strictness of law, but in accordance with principles of substantial justice and the unique facts of the case. An equity is an ownership interest in a corporation or a property, usually calculated as a remaining value after deductions of debts and liabilities.'
www.thefreedictionary.com/equity
'Equality is the state or quality of being equal, a uniform character of motions and surfaces. It's a statement that two qualities are equal.'
www.thefreedictionary.com/equality

In the information the equality is concerning possessions whereby all would have the same or similar belongings. The equity is with respect to results, which come from case examples in isolation. For instance, to achieve equality of good standard results, teachers in rural communities can be paid an additional allowance.

(La equidad es el estado o la cualidad de la justicia con imparcialidad y sinceridad. La equidad es la justicia lograda no sólo según la rigurosidad de la ley, sino de acuerdo con los principios de la justicia sustancial y los hechos únicos del caso. Una equidad es un interés de una posesión en una corporación o una propiedad, normalmente calculada como un valor restante después de las reducciones de las deudas.
La igualidad es la cualidad de ser iguales, el carácter uniforme de mociones y superficies. Es una afirmación que las cualidades son iguales.)