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negative equity
neg·a·tive eq·ui·ty


noun 
Definition:
 
loss in value of real estate: a situation in which, as a result of falling prices, a piece of real estate is worth less than the amount of money that was borrowed to buy it
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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