e|quate [ıˈkweıt] v [T]
[Date: 1400-1500; : Latin; Origin: , past participle of aequare 'to make equal', from aequus; EQUAL1]
to consider that two things are similar or connected
equate sth with sth
Most people equate wealth with success.
equate to [equate to sth] phr v
to be equal to something
a rate of pay which equates to £6 per hour

Dictionary of contemporary English. 2013.