home equity loan

noun

Definition of home equity loan

: a loan based on the amount of equity a person has in his or her home

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Cite this Entry

“Home equity loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20equity%20loan. Accessed 3 Dec. 2020.

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home equity loan

Legal Definition of home equity loan

see loan

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