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Equity can refer to The term Equity is generally used when referring to the equity available from an asset, in simple terms equity is the amount of money you have tied up in an asset. This could be the amount you own/have paid off on a house, you are then able to use the equity as collateral to borrow against, if you choose to take out a mortgage on your house then you will need to have sufficient equity to equal or be greater than the borrowing/mortgaging amount in question. The word equity is also used in the names of the following organizations
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