Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Negative Equity
When the balance of a loan, which is secured against the property (such as a mortgage) is greater than the actual market value of the home. The difference between the loan balance and the property value is the amount of negative equity present.
