ECOA (Equal Credit Opportunity Act)
A federal law that requires creditors to make credit available without discrimination. Like other equal opportunity laws, this covers race, religion, national origin, age, sex, marital status and other factors.
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
equal
Noun: peer, equal, match, compeer (a person who is of equal standing with another in a group)
Verb: equal, be (be identical or equivalent to) "One dollar equals 1,000 rubles these days!"
Verb: equal, touch, rival, match (be equal to in quality or ability) "Nothing can rival cotton for durability"; "Your performance doesn't even touch that of your colleagues"; "Her persistence and ambition only matches that of her parents"
Verb: equal, match, equalize, equalise, equate (make equal, uniform, corresponding, or matching) "let's equalize the duties among all employees in this office"; "The company matched the discount policy of its competitors"
Adjective: equal (well matched; having the same quantity, value, or measure as another) "on equal terms"; "all men are equal before the law"
Adjective: like, equal, equivalent, same (equal in amount or value) "like amounts"; "equivalent amounts"; "the same amount"; "gave one six blows and the other a like number"; "an equal number"; "the same number"
credit
Noun: recognition, credit (approval) "give her recognition for trying"; "he was given credit for his work"; "give her credit for trying"; "the credits were given at the end of the film"
Noun: credit (money available for a client to borrow)
Noun: credit, credit entry (an accounting entry acknowledging income or capital items)
Noun: credit (used in the phrase `to your credit' in order to indicate an achievement deserving praise) "she already had several performances to her credit";
Noun: credit, deferred payment (arrangement for deferred payment for goods and services)
Noun: credit, course credit (recognition by a college or university that a course of studies has been successfully completed; typically measured in semester hours)
Noun: citation, cite, acknowledgment, credit, reference, mention, quotation (a short note recognizing a source of information or of a quoted passage) "the student's essay failed to list several important citations"; "the acknowledgments are usually printed at the front of a book"; "the article includes mention of similar clinical cases"
Noun: credit (an entry on a list of persons who contributed to a film or written work)
Verb: credit (give someone credit for something) "We credited her for saving our jobs"
Verb: accredit, credit (give credit for) "She was not properly credited in the program"
Verb: credit (accounting: enter as credit) "We credit your account with $100"
Verb: credit (have trust in; trust in the truth or veracity of)
opportunity
Noun: opportunity, chance (a possibility due to a favorable combination of circumstances) "the holiday gave us the opportunity to visit Washington"; "now is your chance"
act
Noun: act, enactment (a legal document codifying the result of deliberations of a committee or society or legislative body)
Noun: act, human action, human activity (something that people do or cause to happen)
Noun: act (a subdivision of a play or opera or ballet)
Noun: act, routine, number, turn, bit (a short theatrical performance that is part of a longer program) "he did his act three times every evening"; "she had a catchy little routine"; "it was one of the best numbers he ever did"
Noun: act (a manifestation of insincerity) "he put on quite an act for her benefit"
Verb: act, move (perform an action, or work out or perform (an action)) "think before you act"; "We must move quickly"; "The governor should act on the new energy bill"; "The nanny acted quickly by grabbing the toddler and covering him with a wet towel"
Verb: act, behave, do (behave in a certain manner; show a certain behavior; conduct or comport oneself) "You should act like an adult"; "Don't behave like a fool"; "What makes her do this way?"; "The dog acts ferocious, but he is really afraid of people"
Verb: act, play, represent (play a role or part) "Gielgud played Hamlet"; "She wants to act Lady Macbeth, but she is too young for the role"; "She played the servant to her husband's master"
Verb: act (discharge one's duties) "She acts as the chair"; "In what capacity are you acting?"
Verb: act, play, act as (pretend to have certain qualities or state of mind) "He acted the idiot"; "She plays deaf when the news are bad"
Verb: act (be suitable for theatrical performance) "This scene acts well"
Verb: work, act (have an effect or outcome; often the one desired or expected) "The voting process doesn't work as well as people thought"; "How does your idea work in practice?"; "This method doesn't work"; "The breaks of my new car act quickly"; "The medicine works only if you take it with a lot of water"
Verb: act (be engaged in an activity, often for no particular purpose other than pleasure)
Verb: dissemble, pretend, act (behave unnaturally or affectedly) "She's just acting"
Verb: act, play, roleplay, playact (perform on a stage or theater) "She acts in this play"; "He acted in `Julius Caesar'"; "I played in `A Christmas Carol'"
- ECOA (Equal Credit Opportunity Act) -
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