equity
The cash value an owner has vested in a property, based on the difference between the current market value and the total debt against the property.
Get a Free Quote
The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
equity
Noun: equity (the difference between the market value of a property and the claims held against it)
Noun: equity (the ownership interest of shareholders in a corporation)
Noun: fairness, equity (conformity with rules or standards) "the judge recognized the fairness of my claim"
- equity -
Get a Free Quote
Return to Mortgage Glossary
A-C |
D-G |
H-N |
O-S |
T-Z
