Explain the term equity?

Answer 1

the monetary value of a property or business beyond any amounts owed on it in mortgages, claims, liens, etc.

Answer 2

Equity: amount left over of what is owned. Like on a mortgage.

Answer 3

In simple terms equity is the difference between your orginal purchase price and additions to basis deducted from sales price or appraised value. Hopefully mucho dinero

Answer 4

The portion of a one's assets that they own, as opposed to what they've borrowed: equal to total assets minus liabilities. Also called "owners' equity" or "shareholders' equity".

Answer 5

Equity is the difference between what a house will appraise for and the amount of mortgage due. So, if a house appraises for $500,000.00 and there is a $300,000.00 mortgage, there is $200,000.00 of equity.

Answer 6

equity is the amount owned.
equality is the quality of fairness, impartiality.

Answer 7

fairness is the way the court docket makes issues truthful whether there is no longer a particular regulation to assist it. a pair examples might help: You mortgage me your vehicle for a weekend. as quickly as I return it to you, it reeks of scent (smoke, undergo meat, despite) and you pays $75 to get it wiped clean. under fairness, you're entitled to get your funds back whether you won't be able to tutor a settlement. yet another occasion, you inquire from me to color your place. i purchase the paint interior the colour you decide on and do the activity on an identical time as you watch. while i'm performed, you tell me that considering that i did no longer have a settlement, you're actually not likely to pay me. i will win in fairness for the truthful cost of my paintings even nevertheless we have not got a legally binding settlement. 0.33 occasion: you inquire from me to head your elderly father into my residing house and shelter him for something of his life and you promise, in replace, to grant me $one hundred,000 while he dies. I take him into my residing house, gown and feed him for the final 12 years of his life. while he dies you tell me you're actually not likely to pay me a dime b/c I haven't any criminal rights. In fairness, a court docket will make you pay me the truthful cost of my centers. Courts are leary to grant alleviation on fairness yet "making issues truthful" is in certainty what that is and that's in many situations utilized in a putting the place one occasion is making an attempt to screw the different..

Answer 8

How much money there is in your home based on many assumptions.

Answer 9

the quality of being fair or impartial; fairness; impartiality