The value of an asset after subtracting any outstanding liabilities. For example, if a home is worth $300,000 and has a $200,000 mortgage, the homeowner has $100,000 in equity.
The value of an asset after subtracting any outstanding liabilities. For example, if a home is worth $300,000 and has a $200,000 mortgage, the homeowner has $100,000 in equity.