home equity Meaning in Cambridge Business English Dictionary
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Meaning of "home equity" - Business English Dictionary

home equity

noun [U]
 
 
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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