home-equity loan definition by American Heritage Dictionary
The American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A loan or credit line that is secured by the equity the borrower has in a home.
home-equity loan - Business Definition
A loan or open-end line of credit secured by a second mortgage on the borrower's home.