A claim to a share of earnings left over after debt obligations have been settled. In general, equity claim represents an ownership stake/ interest in an entity or a specific venture. Equity claims reflects a right of ownership as to a proportional chunk of the assets (net assets) of a venture, which gives the holder (e.g., owner, shareholder, etc.) a claim on those assets.

For a transaction, equity claim implies the discharging of obligations and rights on both sides or legs, while the obligation/ right continues to exist until or unless the party such as an entity or venture ceases to be a going concern (e.g., it is wound up).