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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.
Nequity by HairyPsalm March 27, 2008
Related Words
Stunningly attractive woman. Pregnancy only makes her more sexually attractive.
wow dude i'm so glad to be working in the maternity wing today there are so many Nequilas!
Nequila by alb715 April 30, 2009

nequity (negative equity) 

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.
nequli is a big qt :D
omg nequli is such a cutie ☺️
Nequli by Captmarshmellow November 17, 2020
Boss babe! She is the kind of gold you want to keep your man from, she can effortlessly capture is attention and draw him in. She has a wonderful personality and know what she wants from life and won’t except any less. Nequoia is my bestie <3
Bf: hey babe can I hang with some friends tonight?
Gf: sure, will there be any girls there?
Bf: yeah, Nequoia and some of her friends
Gf: NO!
nequoia by Futuremilf100 November 21, 2021

Nquoicasison 

The most incoherent, illiterate, douche bag, fag-face gay guy to ever tread upon createblog's doorstep.

Nquoicasison enjoys saying "nikka", "bietch", "homoo", and various other "insults".

Nquoicasison should be avoided at all costs. There have been reports of rapid IQ declination when in contact.
This threadd property offf Nquoicasison n B.Nox!!!

Go awayy u littlee homoo!!
Nquoicasison by OliviaJohnson January 23, 2008