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Meaning / Definition of
Portmanteau Word
Categories: Business and Management,
A word formed from parts of two separate words, whose combination generally produces the meaning also. Many new management and business words, especially slang and jargon, enter the language in this way, and some become popular and well-established.
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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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