bn:00937605n
Noun Concept
Categories: Credit, Mortgage, United States housing bubble
EN
negative equity  Negative-equity  under water  underwater mortgage  Upside-down
EN
Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. Wikipedia
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EN
Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. Wikipedia