Generally speaking, equity is the value of an asset less the amount of all liabilities on that asset. It can be represented with the accounting equation: Assets -Liabilities = Equity. BREAKING DOWN 'Equity ' Equity can have somewhat different meanings, depending on the context and the type of asset.
precious metal. 1. a metal of the gold, silver, or platinum group. And yet here you are, looking at a glass of amber liquid that is worth its weight in a precious metal. One Percent Shots! It is a relic of the age of gold, when this precious metal was used in a thousand forms, not seen to-day.
The traditional classification in the West, which goes back to the ancient Greeks, begins with a distinction between precious and semi-precious; similar distinctions are made in other cultures. In modern usage the precious stones are diamond, ruby, sapphire and emerald, with all other gemstones being semi-precious.