Equity

June 4, 2018 3:47 pm Published by

The difference between the value of the assets and the value of the liabilities of something owned. Equity = Assets − Liabilities. For example, my car is worth $15,000 and I owe $5,000. I have 15,000-5,000 = $10,000 in equity.

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This post was written by Brittany Welch