home equity Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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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)
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