HOME EQUITY LOAN

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A loan secured by equity value in the borrower's home

Synonyms:

equity credit line; home equity credit; home equity loan; home loan

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("home equity loan" is a kind of...):

consumer credit (a line of credit extended for personal or household use)

loan (the temporary provision of money (usually at interest))

Credits