| Homeowners’association, Homeownership Rate, Homeownership | |
| Homeowner’s Policy, Homestead, Homestead Exemption |
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
Business
Credit line offered by banks and brokerage firms allowing a homeowner to tap the built-up equity in his or her home. Such an account is, in effect, a revolving - credit second mortgage.