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Equitable jurisdiction refers to the power of a court to provide relief that is based on fairness and justice, rather than strictly adhering to common law or statutory rules. This type of jurisdiction is rooted in the principle that there are circumstances where legal remedies (typically monetary damages) may not adequately resolve a dispute or provide just outcomes.

Courts equipped with equitable jurisdiction can issue injunctions, allow specific performance of contracts, and grant other non-monetary remedies that aim to rectify situations in a manner aligned with justice and moral considerations. This flexibility in remedying issues ensures that the legal system is responsive to the nuances of different cases, especially those involving complexities not wholly addressed by traditional law.

The other options do not encompass the unique characteristics of equity and its remedies. Legislative power relates mainly to the creation of laws, strict authority is more about defined rules applied in a rigid manner, and administrative oversight deals with regulatory frameworks rather than the provision of equitable relief.