Credit Crunch
From Wikicliki
Revision as of 11:37, 26 November 2008 by 85.8.189.160 (talk)
Negative equity is a term used to refer to when the value of an asset used to secure a loan is less than the outstanding balance on the loan. According to wikipedia, "a person holding negative equity is said to be upside down." This is leading to a great increase in bankruptcy and repossession.
