equity vs fairness

equity and fairness both are nouns.

Word	Noun	Adjective	Verb	Adverb
equity	Yes	No	No	No
fairness	Yes	No	No	No

As nouns, equity and fairness are synonyms defined as:

equity (noun)	fairness (noun)
conformity with rules or standards	conformity with rules or standards
the ownership interest of shareholders in a corporation	the property of having a naturally light complexion
the difference between the market value of a property and the claims held against it	the quality of being good looking and attractive
	ability to make judgments free from discrimination or dishonesty