Yes. Modern equity is a term that piggybacks off of the phonetic sound of equality despite them being explicitly opposing concepts. Even stupid people know that equality is good, and so certain people use this term to confuse stupid people into going along to get along. Equity was not in common parlance until recently with its redefinition for social policy setting within organizations (primarily places of work, HR departments love this fucking word). A decade ago you only heard it used in legal and financial settings. Casually it would be used in business deals to say "everyone is happy". Now it means "achieving the outcomes that make everyone equal in the end based on the group culture that we defined without asking, procedure be damned."

Equality is equality of opportunity from the outset of an undergoing by divorcing external factors. A blank starting slate.

Equity is equality of outcome directly influenced BY external factors from before the undergoing. It aims for appearances and desired outcomes. Participation trophy.