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Others have no equity left in their homes thanks to declining housing prices.
Now in their 70s, they have no equity left in their home, which means they cannot afford to move out and buy another.
At a time when stock portfolios are plunging and many homes, even grand ones, have no equity left to borrow against, an increasing number of art owners are realizing that an Old Master or a prime photograph, when used as collateral, can bring in much-needed cash.
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This was possibly because they had no equity left in their homes to borrow against.
Coventry Building Society, for example, is known to have offered remortgage deals for existing customers who have little or no equity left in their property.
There's no equity left in her small Los Angeles home.
"They hardly had any equity left -- it was sell or go bust," an analyst who follows the company said.
We have no equity in them at all.
If a recession develops and people start worrying that they have too little equity left to continue borrowing safely against their homes, the blow to spending could turn a mild recession into a prolonged one.
If you assume that the margin loans that Mr. Ebbers took out without WorldCom guarantees are still outstanding -- an assumption that seems reasonable although the company says he will not discuss the issue -- it seems possible that he does not have very much equity left.
Investcorp only had $4 million in equity left, clients held the remaining $34 million, and the new shareholders weren't keen on sinking more funds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com