What does equity credit line mean?
Definitions for equity credit line
eq·ui·ty cred·it line
This dictionary definitions page includes all the possible meanings, example usage and translations of the word equity credit line.
Princeton's WordNet
home loan, home equity credit, home equity loan, equity credit linenoun
a loan secured by equity value in the borrower's home
ChatGPT
equity credit line
An equity credit line, also known as a home equity line of credit (HELOC), is a type of loan that allows homeowners to borrow against the equity in their home. This line of credit operates much like a credit card, where the homeowner can borrow up to a certain limit, repay the money, and borrow again as needed. The interest rates are typically variable and the repayment terms can vary, but often include both a "draw period" where the homeowner can borrow money, and a "repayment period" where they must start paying back the principal.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of equity credit line in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of equity credit line in Pythagorean Numerology is: 7
Translation
Find a translation for the equity credit line definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"equity credit line." Definitions.net. STANDS4 LLC, 2024. Web. 5 Jun 2024. <https://www.definitions.net/definition/equity+credit+line>.
Discuss these equity credit line definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In