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