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sweat equity |
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Sweat equity An increase in equity created by the labor of the owner. Sweat Equity The physical work that one puts into an asset, company, or venture that increases its value. For example, one may work constantly on one's writing business so as to increase the revenue one receives from various contracts. This, in turn, increases the value of the business when the writer decides to sell the contracts to someone else. Likewise, one may build a new front porch onto one's house to increase its resale value. In both cases, the physical work is called sweat equity. sweat equity An increase in the value of property due to the rehabilitation and renovation efforts of the owner,usually acting as his or her own general contractor,subcontractor,and laborer.Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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