HELOC
[ hee-lok ]
/ ˈhi lɒk /
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noun Personal Finance.
home equity line of credit: a loan in which the borrower receives a line of credit, typically for a period of five to ten years, that can be drawn on as needed, using the equity in a home as collateral.
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Origin of HELOC
First recorded in 1960–65
Words nearby HELOC
helm port, helmsman, helmsperson, helmswoman, helo, HELOC, Héloïse, helophyte, Helot, helotism, helotry
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023