negative equity
Noun
Meaning
(finance) The amount by which the market value of a property falls below the amount of the mortgage secured upon it.
(finance) The situation in which a property is worth less than its mortgage.
Source: en.wiktionary.orgNoun
(finance) The amount by which the market value of a property falls below the amount of the mortgage secured upon it.
(finance) The situation in which a property is worth less than its mortgage.
Source: en.wiktionary.org