English Dictionary

HOME EQUITY CREDIT

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IPA (US): 

 Dictionary entry overview: What does home equity credit mean? 

HOME EQUITY CREDIT (noun)
  The noun HOME EQUITY CREDIT has 1 sense:

1. a loan secured by equity value in the borrower's homeplay

  Familiarity information: HOME EQUITY CREDIT used as a noun is very rare.


 Dictionary entry details 


HOME EQUITY CREDIT (noun)


Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

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

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))


 Learn English with... Proverbs 
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