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negative equity

Noun CEFR B2

Definitions

  1. The amount by which the market value of a property falls below the amount of the mortgage secured upon it.
  2. The situation in which a property is worth less than its mortgage.

Equivalents

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

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