Definition of Equity
the calculated worth of a property after the money owed has been deducted
Examples of Equity in a sentence
We do not have enough equity in our home to use it as collateral for a loan. 🔊
With this final payment, we own one hundred percent of the equity in our cabin. 🔊
In accounting, the owner’s equity is equal to the value of the assets once the liabilities have been subtracted. 🔊
Since the crash of the housing bubble, the equity in our condominium has decreased by twelve percent. 🔊
As the value of our land increases so does our equity. 🔊
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