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Home Equity

"Home equity" is the fair market value of a home minus the total amounts of any mortgages on the home. For example, if your home is worth $200,000, and you have a mortgage with $100,000 left to be paid and a second mortgage with a $25,000 unpaid balance, your home equity is $75,000. Home equity is essentially a way of expressing your ownership interest in the home, and it can be used as collateral to secure home equity loans.

 

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   Public Offering

A "public offering" refers to the offering of securities by a company or organization to the public in order to raise funds. In the U.S., public offerings must be registered and approved by the Securities and Exchange Commission. The public offering is registered through a registration statement that contains all material information about the issuer and the securities offered. A company's first public offering of its equity securities is referred to as an "initial public offering" (or IPO).
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