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Meaning of negative equity

Source language: EnglishDictionary language: English

negative equity

noun

Definitions

  1. The amount by which the market value of a property falls below the amount of the mortgage secured upon it.

  2. The situation in which a property is worth less than its mortgage.

Sources:https://en.wiktionary.org/wiki/negative%20equity

Related words

equityhome equitynegative interestownership equityequity of redemptionshort salereal estate ownedequality money