Category:

#finance

Default

In finance terminology, the term is used to describe failure to make payments as scheduled on a trust deed debt.

Equity

Equity is the value of a property or business after the value of liabilities have been subtracted. (Equity = Assets - Liabilities)


For instance, if someone buys a car for $30,000, yet owes $10,000 on a loan against that car, the car represents $20,000 of equity.