home loan

noun

Definition of home loan

: a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years

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Cite this Entry

“Home loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20loan. Accessed 25 Oct. 2020.

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