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equate (v.)

early 15c., "to make similar or the same; to balance or harmonize; distribute (ingredients) uniformly; reduce to evenness or smoothness; to set (a fracture)," from Latin aequatus "level, levelled, even, side-by-side," past participle of aequare "make even or uniform, make equal," from aequus "level, even, equal" (see equal (adj.)). Earliest use in English was of astrological calculation, then "to make equal;" meaning "to regard as equal" is early 19c. Related: Equated; equating.

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Definitions of equate from WordNet

equate (v.)
consider or describe as similar, equal, or analogous;
You cannot equate success in financial matters with greed
Synonyms: compare / liken
equate (v.)
be equivalent or parallel, in mathematics;
Synonyms: correspond
equate (v.)
make equal, uniform, corresponding, or matching;
Synonyms: equal / match / equalize / equalise
From wordnet.princeton.edu