Positive equity
A position where an asset is worth more than the debt secured against it.
Related terms
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Negative equity
A position where an asset, usually property, is worth less 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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Commercial mortgage
A loan secured against commercial property, such as offices, shops, industrial units or investment premises.
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