home equity line of credit
noun
plural home equity lines of credit
: a line of credit extended to a homeowner who uses their home as collateral
A home equity line of credit, also known as a HELOC, is a revolving line of credit that's secured by the equity in your home.—Annetta Derricotte
Home equity lines of credit (HELOCs) are an option for disciplined borrowers who want to take advantage of the inherent wealth of their homes.—Allison Martin
called also HELOC
Cite this Entry
“Home equity line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/home%20equity%20line%20of%20credit. Accessed 20 Aug. 2026.
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