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negative equity
noun
- the state of holding a property the value of which is less than the amount of mortgage still unpaid
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Example Sentences
This week brings two significant points that are down over the year and over the third quarter: negative equity and delinquencies.
From The Daily Beast
Gallery: Worst Real Estate Cities · Negative equity—percent of mortgages where owners owe more than their homes are worth.
From The Daily Beast
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