Refinance (noun) Definition, Meaning & Examples

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verb (used with object), re·fi·nanced, re·fi·nanc·ing.
  1. to finance again.
  2. to satisfy (a debt) by taking out another loan typically on more favorable terms, as a lower interest rate and reduced monthly payments, or a longer period of time to repay:She was able to refinance her mortgage to a much lower 30-year fixed interest rate.
  3. to increase or change the financing of, as by selling stock or obtaining additional credit: The university issued bonds to refinance the recent construction of a library and dormitory.
verb (used without object) re·fi·nanced, re·fi·nanc·ing.
  1. to arrange new financing for something.
Refinance (noun) Definition, Meaning & Examples

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