Definition of underwater in English:

underwater

Line breaks: under|water
Pronunciation: /ʌndəˈwɔːtə
 
/

adjective & adverb

  • 2chiefly US Relating to or denoting a loan with a balance that exceeds the current market value of the loan: [as adjective]: an epidemic of underwater mortgages [as adverb]: those who bought new pads in the mid-eighties were underwater for more than a decade
    More example sentences
    • As many as one in six homeowners are currently what's known as underwater.
    • Do you know that in Nevada 70 percent of the home mortgages are underwater?
    • "We know lots of mortgage loans are underwater," he says, describing the situation where the value of collateral has fallen below the principal balance of a loan.

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