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underwater

underwater

24 7.0
Owing more on a loan than the house or car is worth
  • adjective
  • /ˌʌndərˈwɔːtər/
  • Specialized
translation icon : con deuda superior al valor
  • Almost one in three families with a mortgage is now underwater, holding their breath against imminent foreclosure.
  • underwater mortgage
  • underwater homeowners
  • underwater home

Don't worry, we're going to maintain the price that you need to not end up being underwater.

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Examples

  • Your Honour, he missed three payments and is underwater over 80 grand.

  • The couple was underwater and struggling to make their loan payments as their home value decreased.

  • Me: My home is not underwater, and we're not behind on our payments.

    Blog text (17)
  • My wife and I bought a home and walked away from our underwater home.

    Blog text (15)
  • Almost 22 percent of all mortgage holders were underwater by March, according to real estate site Zillow.com.

    Blog text (8)
  • Regardless, the real issue is what to do if you're seriously underwater and can't make the payments.

    Blog text (15)
  • Many homeowners are currently underwater on their mortgages due to falling property values.

  • He realized he was underwater on his car loan after finding out the car's market value had dropped significantly.

Compounds

A view from below the water surface that shows plants and animals

A U.S. Navy agency that gives technical help for submarines and weapons used under the sea

underwater archeology
  • Specialized
6.7

A study of people's past using objects found under water, like shipwrecks

A joke name for an easy, useless college class

A person who works or swims under water using breathing gear

Surface Forms

underwater positive

Morphology

underwater = water (semi-transparent) = under + water

The sense is a metaphorical extension ('under water' → financially 'in trouble' or in debt), so the connection to the literal components is figurative rather than literal. [Postprocessing: moved 'under' from base_words to prefix]

Etymology

Underwater comes from under 'below' and water 'water'. A helpful image is being covered by water and unable to rise up, which explains why underwater also means owing more on a loan than the house or car is worth.