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Meaning of “negative equity” in the English Dictionary

"negative equity" in British English

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negative equitynoun [U]

uk   /ˌneɡ.ə.tɪv ˈek.wɪ.ti/  us   /ˌneɡ.ə.t̬ɪv ˈek.wɪ.t̬i/ UK
a situation in which the value of a house has become less than the amount of money its owner borrowed in order to buy it
(Definition of negative equity from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"negative equity" in Business English

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negative equitynoun [U]

uk   us   UK
PROPERTY, BANKING a situation in which a house, etc. has become less valuable than the amount that is owed to the bank that lent the money to buy it: be in/suffer from/have negative equity If prices dropped 25-30%, millions would be in negative equity.
(Definition of negative equity from the Cambridge Business English Dictionary © Cambridge University Press)
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