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negative equity "

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      [Noun]  | "negative equity" 


      1: a situation in which the amount of money that a person owes for something (such as a house or a car) is more than the thing is worth

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       [ "nequity (negative equity)" ]

      1: trading in a vehicle when the amount still owed is greater than the value of the vehicle. (negative equity)

        * e.g.,  ... The nequity (negative equity) in my car was $2200.00. I owed more than it was worth. 

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