refinancing

refinancing
An extension and/or increase in amount of existing debt. Bloomberg Financial Dictionary

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refinance re‧fi‧nance [ˌriːˈfaɪnæns, -fɪˈnæns] verb [transitive]
FINANCE to replace one loan with another one, usually at a lower rate of interest:

• Many fixed-rate mortgages are now being refinanced at interest rates of around 8%.

— refinancing noun [countable, uncountable] :

• The troubled DIY group has been in talks with its bankers arranging a refinancing of the £553 million loan taken out at the time of the management buy-out.

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   The issuing of new debt to replace old. A borrower pays off one loan with the proceeds from another provided by other lenders. If the lenders are effectively the same then it could technically be called a rescheduling. Bankers might use the term refinancing. ► See also Restructuring.

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refinancing UK US /ˌriːˈfaɪnænsɪŋ/ noun [U or S]
► FINANCE the action of replacing a loan with a new one: debt/mortgage refinancing »

Low interest rates gave a huge boost to mortgage refinancing and consumer borrowing.

 a refinancing plan/deal/agreement »

The company's 750,000 share investors will have to approve the refinancing plan.


Financial and business terms. 2012.

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Look at other dictionaries:

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  • refinancing — ➡ mortgages * * * …   Universalium

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