Nequity

What is Nequity?

Negative Equity. This happens when your house value is less than the purchase price minus your down payment.

Joe put 20% down on a $500,000 house, the market crashed and the house is only worth $380,000. Joe now has $20,000 of Nequity.

See equity, negative, housing, crash, real estate

Drive By Friending

1. When someone you haven't spoken to in years sends you a friend request on Facebook, but doesn't bother to ever say "hello..

Ursinine

1. A play on ursine and asinine 1. rough or burly; bad-mannered or rude. 2. of or like a bear. 1. It's amazing how the nicest seem..

Russellmager

1. one who fucks a person retarded I took this guy home last night and I'm telling you he was one Russellmager. I woke up freshly fu..

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Nequity Edit Meaning