Does approximate equality lead to an approximate draw?

When reading opening books I often run across the evaluation of “about equal”, approximately equal” or “roughly equal”.  How should I interpret this?  Some possibilities:  

a) White is a little better, but should hold the draw.

b) Black is a little better, but should hold the draw.

c) The position is equal, but I got tired of writing just “equal” all the time.

d) The position is unclear.

e) I think it's equal, but if it turns out to be better for one side or the other, I'm covered.

f) I really think White is better, but I'm writing the book to advocate the Black side.  

F

Yes, there is a difference between "about equal" and "drawish"  Depends how much play is left, and how complex the position is right?

waffle is correct.  Just because a position is equal, doesn't mean the likely outcome is a draw.

For example, imagine a wild, middle game position, with both kings exposed, and tactics in the air everywhere.  It might be completely equal, but a draw would not necessarily be the likely outcome.