Equity is one's interest in one's assets. true or false?

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Equity is one's interest in one's assets. true or false?

2006-06-09 02:10:55 · 3 answers · asked by Sweetti 1 in Education & Reference ➔ Home Schooling

3 answers

false

2006-06-09 02:12:15 · answer #1 · answered by Black Fedora 6 · 0⤊ 0⤋

Equity is the fair market value of one's assets less any liens on the assets (lenders' security, court-ordered, common-law liens), and maybe a spouse's interest, especially in community property states.

2006-06-09 09:14:04 · answer #2 · answered by thylawyer 7 · 0⤊ 0⤋

equity is the money you have invested in real propery that is yours of course

2006-06-09 09:13:02 · answer #3 · answered by Iron Rider 6 · 0⤊ 0⤋