Equity Line Of Credit

 

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Equity Line Of Credit

A combination of a line of credit and equity loan. A maximum loan amount is established based on credit and equity. A mortgage (deed of trust) is recorded against the potential borrower's property for said maximum loan amount. The potential borrower has the right to borrow, as needed, up to the amount of the mortgage.



Equity Line Of Credit

Similar Matches

Debt for equity swap

Debt for equity swap

A swap agreement to exchange equit../../finance-glossary/returns for debt returns or the converse over a prearranged length of time.


Equity linked mortgage

Equity linked mortgage

The lender takes ownership of a stake in the equity of the property. This means that they lend you less than the full amount that is required to buy the home. Interest is only charged on the amount that they lend you and not on the full value of the property. When you sell the property, the lender receives payment in proportion to the amount of equity that they own, and therefore benefits from any increase in the price of the property.


Deferred equity

Deferred equity

A common term for convertible bonds, which recognizes their equity component and the expectation that the bond will ultimately be converted into shares of common stock.


Equity contribution agreement

Equity contribution agreement

An agreement to contribute equity to a project under certain specified conditions.


TEFRA (Tax Equity and Fiscal Responsibility Act of 1983)

TEFRA (Tax Equity and Fiscal Responsibility Act of 1983)

The law requiring federal income tax withholding on payments of dividend and dividend to accounts without a certified tax identification number on file. See: dividend.


Further Suggestions

Equity options
Dual syndicate equity offering
Foreign equity market
Top down equity management style
Preferred equity redemption stock (PERC)
Equity linked policies
Salomon Brothers World Equity Index (SBWEI)
private equity
Sweat equity
Debt/equity swap
Equity linked Eurobonds
World Equity Benchmark Series (WEBS)
Equity
Equity
Return on equity (ROE)
Owners equity
Leveraged equity
equity release scheme
homeowners equity account
Equity kicker
Carrot equity
All equity rate
equity
Equity funding
return on equity


 
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