Top definition
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.
by HairyPsalm March 26, 2008
Get the mug
Get a Nequity mug for your barber Helena.