Negative equity definition

Negative equity means any outstanding debt transferred from a previous vehicle.

Negative equity means the difference between the value of an asset and the

Negative equity means the situation where the original purchase price of the motor vehicle financed by the finance agreement is above the manufacture’s published retail list price at time of purchase or its retail market value if a used vehicle.

Examples of Negative equity in a sentence

• The existing mortgage is split into two parts: Loan A being the sustainable element, which is repaid on the basis of principal and interest; and Loan B being the unsustainable element, which is deferred and becomes repayable at a later date; Negative equity trade down – This allows a customer to sell their house and subsequently purchase a new property and transfer the negative equity portion to a new loan secured on the new property.

• Negative equity balances have been reclassified and are reflected as due to/from other funds.

• Negative equity refers to a situation where a mortgage borrower owes more on the mortgage than the home is currently worth.

• Negative equity is the amount owed on a loan in excess of the collateral’s value.

• Negative equity in a real property is treated as having no value in the assessment of disposable capital.

More Definitions of Negative equity

Negative equity means any finance balance carried forward from Your previous vehicle less any part exchange allowance made.

Negative equity means an amount carried over from a previous finance agreement which is not directly linked to the purchase of the vehicle insured by the policy.

Negative equity means amounts still owing from a previous vehicle loan which is financed into the new vehicle loan.

Negative equity means any amount outstanding on a previous loan or vehicle finance agreement which inflates the purchase price of the insured vehicle;

Negative equity means any finance carried over from a previous vehicle or finance agreement.

Negative equity means any outstanding debt transferred from a previous vehicle. ‘New Vehicle’ means an Eligible Vehicle acquired by You and You being the first registered owner of Your Vehicle.

Negative equity means in this scheme that your home is worth less than the mortgage outstanding and secured on your home as a first charge on it and any money you have put into the purchase yourself.