HELOC
[ hee-lok ]
nounPersonal 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.
Origin of HELOC
1First recorded in 1960–65
Words Nearby HELOC
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
Browse