What is the definition of Negative equity? | Dictionary.net

NEGATIVE EQUITY

\nˈɛɡətˌɪv ˈɛkwɪti], \nˈɛɡətˌɪv ˈɛkwɪti], \n_ˈɛ_ɡ_ə_t_ˌɪ_v ˈɛ_k_w_ɪ_t_i]\

Definitions of NEGATIVE EQUITY

1910 - Black's Law Dictionary (2nd edition)

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A mortgaged asset's market value is below the loan amount taken against it. Some loan agreements force the borrower to cover the loss. The lender may 'call' the loan, demanding immediate loan balance payment .

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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