negative equity

English - English

Definition of negative equity in English English dictionary

The situation in which a property is worth less than its mortgage

The amount by which the market value of a property falls below the amount of the mortgage secured upon it

If someone who has borrowed money to buy a house or flat has negative equity, the amount of money they owe is greater than the present value of their home. a situation in which someone owes more money on a mortgage (=arrangement to borrow money to pay for a house) than they would receive if they sold their house

Hyphenation

neg·a·tive Eq·ui·ty

Turkish pronunciation

negıtîv ekwıti

Pronunciation

/ˈnegətəv ˈekwətē/ /ˈnɛɡətɪv ˈɛkwətiː/