NEGATIVEEQUITY

Negative equity

Negative equity occurs when the value of an asset used to secure a loan is less than the outstanding balance on the loan. In the United States, assets with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".

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negative equity

Noun

  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.


The above text is a snippet from Wiktionary: negative equity
and as such is available under the Creative Commons Attribution/Share-Alike License.

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