> That's because no one really defined what "equity" means in the first place

Just because you haven't bothered to look up what it means doesn't mean no one has defined it. This comment reminds me of the people who complain "the mainstream media isn't talking about XYZ" when they are, in fact, talking a lot about XYZ, but the complainant is only reading Facebook articles shared by their friends.

One might consider [this seminal paper](https://web.archive.org/web/20090612025522/http://bss.sfsu.e...) on the concept of social equity, and then google "equity" to see how institutions are using the term.

Most of them, you can see a connection between the ideas expressed in that paper and the definitions the modern institutions purport to believe in.