home equity credit Meaning of "home equity credit"

Add to My List

Definition(s):

  • (n) a loan secured by equity value in the borrower's home

Usage(s):

  • Meanwhile, with home equity credit lines drying up, Americans have also become more reliant on their credit cards than ever.
Word of the Day
apprehensive
/ˌæ prɪ ˈhɛn sɪv /