home equity loan

noun [C] FINANCE, PROPERTY

Definition

› a loan that uses your home equity as a guarantee that the money you borrow will be paid back: We purchased a fixed-rate home equity loan with a regular payback period.

(Definition of home equity loan noun from the Cambridge Business English Dictionary © Cambridge University Press)

Focus on the pronunciation of home equity loan

Browse the Dictionary

home buying noun
home computer noun
home district noun
home electronics noun
home entertainment noun
home equity loan noun
home equity noun
home financing noun
home furnishings noun
home improvement noun
Home income plan noun

Browse the Thesaurus

Business
Clothes
Education
Finance
Light and colour
Personal care

More Results for “home equity loan”

home equity loan, at second mortgage noun

See all results »

Our dictionaries

British English
American English
Business English
Learner's Dictionary
Essential British English
Essential American English
English-Spanish
Español-inglés
English-Turkish

Word of the Day

demur

to express disagreement or refuse to do something

Word of the Day ►

Blog

Read our blog about how the English language behaves.

Learn More ►

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.