Equity describes the value of an asset after subtracting the value of any liabilities on the asset. Commonly used to describe the value of a home and help purchase a new one, equity will be considered in taking out loans or paying off large bills.
Equity describes the value of an asset after subtracting the value of any liabilities on the asset. Commonly used to describe the value of a home and help purchase a new one, equity will be considered in taking out loans or paying off large bills.
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