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English definition of “negative equity”

negative equity

noun [U]
 
 
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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