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View Diary: New Study Finds Median Wealth of Black Women Is $5 (176 comments)

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  •  Liability=value of the house minus the principle (0+ / 0-)

    you owe at this moment.

    •  Sorry- I used the wrong word! (1+ / 0-)
      Recommended by:

      EQUITY = value of the house minus the principle you owe at this moment.

      Liability is the principle you owe at the moment.

      •  You used another wrong word (2+ / 0-)
        Recommended by:
        Sandy on Signal, icemilkcoffee

        What you owe on your house is principal, not "principle." "Principle" is like, the Senators who voted against the Iraq War were standing up for their principles...

        There are other "principals" too...the person who runs a school, the owner-operators of a business....

        "All governments lie, but disaster lies in wait for countries whose officials smoke the same hashish they give out." --I.F. Stone

        by Alice in Florida on Fri Mar 12, 2010 at 07:38:39 PM PST

        [ Parent ]

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