sweat-equity

Vocabulary Word

Definition

When you work hard for a company, not for a regular salary, but for a stake in that company, it's called 'sweat-equity'. It's valuable work put into a project in exchange for some ownership interest.

Examples in Different Contexts

In real estate, 'sweat-equity' refers to the value added to a property through physical labor rather than investing money. A real estate investor might say, 'We significantly increased the home's value through sweat-equity by doing renovations ourselves.'

Practice Scenarios

Tech

Scenario:

His passion and dedication in developing this app are quite remarkable. He's given countless hours to perfecting the user interface.

Response:

I'm ready to invest my sweat-equity in this app, I believe it has immense potential.

Startup

Scenario:

Our company is in its early stages, and we're looking for passionate individuals ready to hustle. In return, you'll be a part of a potential industry disruptor.

Response:

I'm interested in joining. I understand that I'd be putting in sweat-equity now for a potential return later on.