Definitions for "SWEAT EQUITY"
If part of the equity is being derived from the customer providing part or all of the "sweat labour" construction and project management expertise, the underwriter must be satisfied that the customer has the necessary skills and time to do the work. An allowance for sweat and project management equity must not exceed half the required minimum equity amount.
Contribution to the construction of a property in the form of labor or services, instead of cash.
An owners labor or services in the construction or rehabilitation of a property, instead of, or in addition to, cash. [] Go to: | | | | | | | | | | | | | | | | | | | | | X | Y
A person who partners with a capitalist who doesn't have much money of his or her own, but has skills and the willingness to work hard
A common form of "investment." This refers to the investment in time owners make, with no salary, to a new business.