by Erik Madsen November 12, 2004
Equity release—or "give us your house"—is a means of borrowing some of the value of your home without having to sell it, and usually without having to make any repayments so that the interest compounds rapidly. Sometimes known as a lifetime mortgage. The more reputable lenders (for a given value of 'reputable') guarantee that the total debt will never exceed the value of the property, which is big of them; the less reputable will take your estate for as much as they can after you fall off your perch.
I borrowed 65K through equity release on my house seven years ago, and it's already doubled. At this rate there will be nothing left for my kids.
by Beermat November 8, 2017
I got so much ball sweat equity in getting with that Tina, I swear I could feed a small country for a year!
by DrEyePoppin' November 25, 2017
Allowing a TV program to start recording, before beginning to watch, so enough time elapses to skip through commercials.
-Bro, So You Think You Can Dance is starting; put it on!
-Yeah bro it's recording, I'm building up DVR Equity so we can skip the commercials.
-Yeah bro it's recording, I'm building up DVR Equity so we can skip the commercials.
by Teddy McTederson April 21, 2011
I own a modest house, a paid off car, minimal debt, zero student loans, and some think its okay to come into my life and absorb my positive equity.
by Jennis TheMenace September 30, 2020
Often conflated with equality. Not a fan... But I do want free stuff so... 🤷 I'm not actually going to define it.
Iam "I didn't mention equity because I didn't think that it was relevant to my point. I also think that is they threw out 'equity' the leftist would have a more palatable position. But that's besides the point."
Hym "Oh, most definitely! I will spend my million dollars on drugs. But I need them according to a psychiatrist. So ha! Takes that!"
Hym "Oh, most definitely! I will spend my million dollars on drugs. But I need them according to a psychiatrist. So ha! Takes that!"
by Hym Iam May 12, 2022
Sweat equity is a great act of faith; it's chasing your dreams and working with what you have: yourself.
by Lil'BowPeep October 7, 2023