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Equity
The value of an asset or liability minus any outstanding debt associated with it. Equity is the ownership interest that a person has in an asset.
More Details
Equity represents the value of an ownership interest in a company or asset. It can be used as a measure of financial strength and as a source of capital for investment or expansion.
Example
If you own a home worth $500,000 and you have a mortgage balance of $300,000, your home equity is $200,000.
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