home equity loan
A line of bank credit given to a homeowner, using as collateral the homeowner’s equity in the home. — Often shortened to equity loan. — Also termed home-equity line of credit. See EQUITY(7).
A line of bank credit given to a homeowner, using as collateral the homeowner’s equity in the home. — Often shortened to equity loan. — Also termed home-equity line of credit. See EQUITY(7).