prior equitable interest

prior equitable interest　优先的平衡法权益　

An interest held by virtue of an equitable title（a title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title）or claimed on equitable grounds，such as the interest held by a trust beneficiary.The equitable interest is a right in equity that，if violated（suffers a harm），is subject to satisfaction by an equitable remedy.This concept only exists in the common law.Prior equitable interest is the equitable interest that has an order of priority.