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Meaning / Definition of

Greenhouse Effect

Categories: Economics,

The greenhouse effect is the warming of the earths atmosphere caused by a build-up of carbon dioxide and other greenhouse or trace gases that act like a pane of glass in a greenhouse, allowing sunlight to pass through and heat the earth but preventing a counterbalancing loss of heat radiation.

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Definition / Meaning of

Home Equity

Categories: Credit and Debt, Real Estate, Legal, ,

The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.

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