1. the difference between the market value of a property and the claims held against it
2. the ownership interest of shareholders in a corporation
3. conformity with rules or standards
the judge recognized the fairness of my claim
4. Equality of rights; natural justice or right; the giving, or desiring to give, to each man his due, according to reason, and the law of God to man; fairness in determination of conflicting claims; impartiality.