Top Definition
trading in a vehicle when the amount still owed is greater than the value of the vehicle. (negative equity)
The nequity (negative equity) in my car was $2200.00. I owed more than it was worth.
by financeman1950 October 24, 2009
5 Words related to nequity (negative equity)

Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from daily@urbandictionary.com. We'll never spam you.

×