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equity credit line

   Also found in: Wikipedia 0.08 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.equity credit line - a loan secured by equity value in the borrower's home
consumer credit - a line of credit extended for personal or household use
loan - the temporary provision of money (usually at interest)


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Use home equity line to pay off debt Apply for a home Moss transferred equity line of his car loan to a credit and transfer home equity credit line.
But counseling, mandated by the new law, would probably have spared her some financial pain - like the $18,000 in points she paid to Household to obtain $60,000, or the $10,000 equity credit line that had an annual interest rate of 24.
Any excess mortgage proceeds are not deductible except for an additional equity credit line of $100,000.
 
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