Share or equity
Hi,
I know this question is a bit technical, but could you perhaps explain to me the main difference between 'share' and 'equity'?
If I was a co-owner of some property and the property would be divided, every co-owner would get the amount of money that corresponds with their share or equity?
Thank you!
Top answer
Equity is some interest in the value of a business or asset. John owns a house. The house will sell for $100,000, but he has a mortgage of $80,000.
- Equity is some interest in the value of a business or asset.
- John owns a house.
- The house will sell for $100,000, but he has a mortgage of $80,000.
- His equity is $20,000.
- If John dies, and his will states that his estate should be divided equally between his 2 children, each child has a 50% share in the property including the debt and the equity.
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Equity is some interest in the value of a business or asset.
John owns a house. The house will sell for $100,000, but he has a mortgage of $80,000. His equity is $20,000.
If John dies, and his will states that his estate should be divided equally between his 2 children, each child has a 50% share in the property including the debt and the equity. If they sell the house, ea
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