| / English Dictionary |
HOME EQUITY CREDIT
| 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 credit" 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))
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