Negative equity
A position where an asset, usually property, is worth less than the debt secured against it.
Related terms
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Positive equity
A position where an asset is worth more than the debt secured against it.
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Mortgage
A loan secured against property, giving the lender rights over the property if the borrower does not meet the agreed obligations.
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Bridging finance
Short-term finance usually secured against property and intended to be repaid from a sale, refinance or other defined exit. Costs can rise quickly if the exit is delayed.
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