See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.
Use equity in a sentence
“ Having purchased during the market downturn, the homeowners were delighted to find the equity in their home had more than doubled given current market demand. ”
“ The equity on her parents' house was enough that she was still able to sell the house at a profit after the tragic accident that claimed both their lives. ”
“ In a rising market homeowners gain significant equity and therefore are able to qualify for better interest rates if they refinance, but in the absence of significant house price gains or a reduction in interest rates they will just incur another set of mortgage origination fees. ”