That means you should get it for at least 20 % less than what you would have paid new and thus avoided the automatic trip to negative equity status. (debt.org)
On the heels of the sluggish financial results, the firm confirmed Tuesday that it is stripping 25 partners of equity status. (amlawdaily.typepad.com)
Non-equity partners are often, although not always, promoted to full equity status in one to three years. (thebalancecareers.com)