refinance

(rē′fə nans, rē fīnans′)

transitive verb refinanced, refinancing

to finance again; specif., to provide or obtain a new loan or more capital for

See refinance in American Heritage Dictionary 4

intr. & tr.v. re·fi·nanced, re·fi·nanc·ing, re·fi·nanc·es
To provide new financing or new financing for, as by discharging a mortgage with the proceeds from a new mortgage obtained at a lower interest rate.

Related Forms:

  • re·fiˈnanceˌ noun
  • reˌfi·nanˈcer, reˌfin·an·cierˈ (-fĭn-ən-sîrˈ, -fə-nănˌ-) noun

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