Home > Terms > English, UK (UE) > Negative equity
Negative equity
Often occurs when a homeowner purchases a house using a mortgage and then the economy starts to slow or home prices starts to drop. After the house purchase, the value of the home decreases below the value of the amount owed on the mortgage, causing negative equity.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Accountancy
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