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What is equity?


blackshoe

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It's worth noting that the word has been removed from two of the three places where it was used in the old laws, so perhaps less important to define it now than formerly. I do think though that it can change over the course of the hand: If the auction has gone off the rails before something stops the board from being able to be completed, what might be considered "equity" would be different than it would have been if you had sought to determine it before the hand had begun.
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