On the day of the equinox, the center of the Sun spends a roughly equal amount of time above and below the horizon at every location on the Earth, so night and day are about the same length.
The word equinox derives from the Latin words aequus (equal) and nox (night). In reality, the day is longer than the night at an equinox. Day is usually defined as the period when sunlight reaches the ground in the absence of local obstacles. From the Earth, the Sun appears as a disc rather than a point of light, so when the center of the Sun is below the horizon, its upper edge is visible. Furthermore, the atmosphere refracts light, so even when the upper limb of the Sun is 0.4 degree below the horizon, its rays curve over the horizon to the ground.
In sunrise/sunset tables, the assumed semidiameter (apparent radius) of the Sun is 16 minutes of arc and the atmospheric refraction is assumed to be 34 minutes of arc. Their combination means that when the upper limb of Sun is on the visible horizon, its center is 50 minutes of arc below the geometric horizon, which is the intersection with the celestial sphere of a horizontal plane through the eye of the observer.
These effects make the day about 14 minutes longer than the night at the Equator and longer still towards the Poles. The real equality of day and night only happens in places far enough from the Equator to have a seasonal difference in day length of at least 7 minutes, actually occurring a few days towards the winter side of each equinox.
This happens either on September 22, 23, or 24 every year. On any other day of the year, the Earth's axis tilts a little away from or towards the Sun. But on the two equinoxes, the Earth's axis tilts neither away from nor towards the Sun, like the illustration shows.
Sources:
Wikipedia
Time and Date dot com
