Meaning of “home equity” in the English Dictionary


"home equity" in Business English

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home equitynoun [ U ]

uk us

FINANCE, PROPERTY the amount of money that someone would receive if they sold their house, after paying what remains of the mortgage:

Do you purchase a loan in the UK? In the US, you "take out" a loan.

(Definition of “home equity” from the Cambridge Business English Dictionary © Cambridge University Press)