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‘Underwater’ Officially Becomes Word

by Michael Levy on August 16, 2012

in National, NEWS

Man with PC PHOTOThe term “underwater” has commonly been used in the housing industry to describe troubled mortgages. Now, Merriam-Webster announced it’s recognizing the word by adding it to the dictionary.

According to the 2012 update of the Merriam-Webster’s Collegiate Dictionary,  “underwater” in the real estate sense is defined as …

“having, relating to, or being a mortgage loan for which more is owed than the property securing the loan is worth.”

Other commonly used real estate-related words added to the 2012 dictionary include: “man cave”, and technology words like “cloud computing” and “mash-up”.

To read the full article, click here: Realtor Mag

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