Definitions of "underwater"
  1. Refers to a situation where the amount owed on a mortgage loan exceeds the value of the property used as collateral
  2. Indicates a state for a mortgage loan when the outstanding debt is greater than the market value of the property used as security
How to use "underwater" in a sentence
  1. Due to the sudden drop in housing prices, many homeowners found themselves underwater on their mortgages.
  2. The financial crisis resulted in a large number of underwater properties when property values plummeted.
  3. Deciding to sell an underwater property can be a challenging financial decision.

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