Equity is related to Improvement. Improvement is related to Development. Development is a synonym of Developing. 
Winter is related to Time. Time is related to Midnight. Midnight is a different concept from Noon. 
Equity <--RelatedTo--> Improvement <--RelatedTo--> Development <--Synonym--> Developing 
Winter <--RelatedTo--> Time <--RelatedTo--> Midnight <--DistinctFrom--> Noon 