Ex aequo et bono (Latin for `according to the right and good` or `from equity and conscience`) is a phrase derived from Latin that is used as a legal term of art. In the context of arbitration, it refers to the power of the arbitrators to dispense with consideration of the law and consider solely what they consider to be fair and equitable in ...
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http://en.wikipedia.org/wiki/Ex_aequo_et_bono
ex aequo et bono According to what is just and good; equitably. This phrase refers to what a person of principle will do.
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http://www.wordinfo.info/words/index/info/view_unit/3467/4
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