California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 9 — Enforcement of Judgments, Division 1 — Definitions and General Provisions, Chapter 1 — Short Title and Definitions, Section 680.190
“Equity” means the fair market value of the interest of the judgment debtor in property, or in the case of community property the fair market value of the interest of the judgment debtor and the spouse of the judgment debtor in the property, over and above all liens and encumbrances on the interest superior to the judgment creditor’s lien.
Notes
Defines “equity” as the fair market value of the judgment debtor’s interest in property above liens and encumbrances that are superior to the judgment creditor’s lien. For community property, the calculation uses the fair market value of both the judgment debtor’s and the debtor’s spouse’s interests in the property.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 680.190 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-9/division-1/chapter-1/section-680-190