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Definition of negative equity noun from the Oxford Advanced Learner's Dictionary

negative equity

noun
 
/ˌneɡətɪv ˈekwəti/
 
/ˌneɡətɪv ˈekwəti/
 [uncountable]
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  1. the situation in which the value of somebody’s house is less than the amount of money that is still owed to a mortgage company, such as a bankTopics Moneyc2, Houses and homesc2
See negative equity in the Oxford Advanced American Dictionary
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