This is the fair market value of an asset less the value of any liabilities on the asset. It is commonly used to define the value of a property and help in the purchasing of a new one. Equity is taken into account when taking out loans or paying off large debts.
Equity
This is the fair market value of an asset less the value of any liabilities on the asset. It is commonly used to define the value of a property and help in the purchasing of a new one. Equity is taken into account when taking out loans or paying off large debts.
