home equity loan

Definition of home equity loan

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

Word by Word Definitions

homeplay
  1. :  one's place of residence :  domicile

    :  house

    :  the social unit formed by a family living together

  1. :  to or at one's place of residence or home (see 1home 1a)

    :  to a final, closed, or ultimate position

    :  to or at an ultimate objective (such as a goal or finish line)

  1. :  of, relating to, or being a place of residence, place of origin, or base of operations

    :  prepared, done, or designed for use in a home (see 1home)

    :  operating or occurring in an area that is a headquarters or base of operations

  1. :  to go or return to one's place of residence or origin :  to go or return home (see 1home)

    :  to return accurately to one's native area of place of birth or origin from a distance :  to return home

    :  to proceed or direct attention toward an objective

equityplay
  1. :  justice according to natural law or right

    :  freedom from bias or favoritism

    :  something that is equitable

loanplay
  1. :  money lent at interest

    :  something lent usually for the borrower's temporary use

    :  the grant of temporary use

  1. :  lend


Law Dictionary

home equity loan

  1. see loan


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