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

Witness1: Dude Look! Fob Mob!

See fob, mob, staten, island, fresh of the boat Witness2: FOB MOB! See fob, mob, staten, island, fresh of the boat..

No Jareds

1. A general term used to describe someone who blatantly lies when in an argument and demands proof that they performed a specific deed. A..

Zim Zim

1. A command to depart, referring to the user as well as its recipient. "Yo Lawrence, zim zim," I said with the keys in my hand...

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Nequity Edit Meaning