Business Terms and Jargon Explained
What is Negative equityA state of affairs when a property is bought and the value of the property falls below the mortgage amount outstanding.
e.g. if a property was bought for £350,000 where a mortgage of £300,000 was taken, and the price of the property fell to £250,000. The owner will be in negative equity by £50,000
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2005-07-16 23:12:15
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2022 Scopulus Limited. All rights reserved.