ELI5: Explain Like I'm 5

Equity (economics)

Equity is like a kind of score, except instead of getting points it's about how much money and property you own. Everyone starts off with a score of zero and then they can add to it by working, earning money, and buying things like houses or cars. It also goes down when you have to pay debts, like when you borrow money from a bank or other lender. Your equity score is basically a measure of how much you have compared to other people.