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Definition of equitable : 1. Possessing or exhibiting equity; according to natural right or natural justice; marked by a due consideration for what is fair, unbiased, or impartial; just; as an equitable decision; an equitable distribution of an estate; equitable men.
2. That can be sustained or made available or effective in a court of equity, or upon principles of equity jurisprudence; as, an equitable estate; equitable assets, assignment, mortgage, etc.

Synonyms:

true, even, nonpartisan, dispassionate, unbiased, straightforward, honest, equal, indifferent, candid, objective, trusty, impartial, trustworthy, frank, same, ingenuous, fair-minded, evenhanded, sincere, upright, unprejudiced, genuine, faithful, disinterested

fair, just, due, square, honorable, even-handed, equable, right, good, lawful

Usage examples:

• Now, the lumbermen have asked for nothing in regard to taxation excepting what they have incorporated in a resolution, part of the preamble to which I read: Whereas, there is a great and growing need for uniform laws among the States in the interest of forest growth, conservation, and protection from forest fires, and for an equitable and helpful system of taxation which will make possible the conservative handling of standing timber.
• He perceived that Edward, by sending overtures which he knew could not be accepted- by making a show of pacific intentions, meant to throw the blame of the continuation of hostilities upon the Scots, and so overcome the reluctance of his more equitable nobility, to further persecute a people whom he had made suffer so unjustly. - "The Scottish Chiefs", Jane Porter.
• As an equitable compensation to the West for this injustice he would make " a series of small States" on the West bank of the Mississippi. - "History of the Constitutions of Iowa", Benjamin F. Shambaugh.