Meaning of “negative equity” in the English Dictionary

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"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)