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  2. Equity (finance) - Wikipedia

    en.wikipedia.org/wiki/Equity_(finance)

    In finance, equity is an ownership interest in property that may be offset by debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets owned. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity.

  3. More drivers have negative equity on their car loans. What if ...

    www.aol.com/more-drivers-negative-equity-car...

    If you have $10,000 in negative equity and you buy a new car for $25,000, financing the entire sum, you are borrowing $35,000, which is 40% more than the new car is worth.

  4. Financial instrument - Wikipedia

    en.wikipedia.org/wiki/Financial_instrument

    Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership, interest in an entity or a contractual right to receive or deliver in the form of currency (forex); debt (bonds, loans); equity (); or derivatives (options, futures, forwards).

  5. Glossary of automotive terms - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_automotive_terms

    Also gas pedal. A throttle in the form of a foot-operated pedal, or sometimes a hand-operated lever or paddle, by which the flow of fuel to the engine (and thereby the engine speed) is controlled, with depression of the pedal causing the vehicle to accelerate. admission stroke See induction stroke. aftermarket air brake 1. A type of brake in which the force that actuates the brake mechanism is ...

  6. Should you use a home equity loan to pay off an auto loan?

    www.aol.com/finance/home-equity-loan-pay-off...

    A car’s market value begins depreciating the moment it leaves the lot, meaning You must also consider that when you take out a home equity loan or HELOC, you are putting your home up as collateral.

  7. This 36-year-old is paying off a $66K loan on a $49K Ford ...

    www.aol.com/finance/36-old-paying-off-66k...

    This 36-year-old is paying off a $66K loan on a $49K Ford Explorer after a trade-in — Americans are getting run over with negative equity due to long-term car loans and high interest rates

  8. Diminished value - Wikipedia

    en.wikipedia.org/wiki/Diminished_value

    A car owner must take the initiative to make the claim and prove their loss. An independent USPAP -compliant appraisal serves as proper proof of loss in a diminished value claim. In hit and run, uninsured or underinsured motorist situations, a number of states allow the car owner to make a diminished value claim with their own insurance company ...

  9. Accounting equation - Wikipedia

    en.wikipedia.org/wiki/Accounting_equation

    However, due to the fact that accounting is kept on a historical basis, the equity is typically not the net worth of the organization. Often, a company may depreciate capital assets in 5–7 years, meaning that the assets will show on the books as less than their "real" value, or what they would be worth on the secondary market.