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

Jetting

1. being high, and just having fun person1: god why did i do that? it was so stupid. person2: i know, but its alright because we were both..

Napsack

1. 1) place to store drugs 2) to sleep on ones balls yo lets keep the weed in the napsack. I wanna put my face in your lap and get my na..

Lj Ford

1. an LJ FORD (meaning lacking juice) is usually a male creature that is unable to produce semen, mainly due to the continuous rubbing of i..

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Nequity Edit Meaning