noun
[ U ] the situation in which the value of sb's house is less than the amount of money that is still owed to a mortgage company, such as a bank
noun
[ U ] the situation in which the value of sb's house is less than the amount of money that is still owed to a mortgage company, such as a bank
Oxford Advanced Learner's English Dictionary. Оксфордский английский словарь для изучающик язык на продвинутом уровне. 2005