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.

* * *

refinance UK US /ˌriːˈfaɪnæns/ verb [I or T]
FINANCE to replace a loan with a new one: refinance sth with sth »

The firm refinanced its bank loans with $150 million of 30-year bonds.


refinance a loan/debt/mortgage


refinance your home/car


Penalties for early mortgage repayment often make it prohibitively expensive for people to refinance.

Financial and business terms. 2012.

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Look at other dictionaries:

  • refinance — re·fi·nance /ˌrē fə nans, fī ˌnans/ vt 1: to renew or reorganize the financing of 2: to revise the terms of (a debt obligation) esp. in regard to interest rate or payment schedule refinance a mortgage vi: to finance something anew Merriam… …   Law dictionary

  • refinance — (v.) 1901, from RE (Cf. re ) again + FINANCE (Cf. finance) (v.). Related: Refinanced; refinancing …   Etymology dictionary

  • refinance — [rē΄fə nans′, rē fī′nans΄] vt. refinanced, refinancing to finance again; specif., to provide or obtain a new loan or more capital for …   English World dictionary

  • refinance — [[t]ri͟ːfaɪnæ̱ns[/t]] refinances, refinancing, refinanced VERB If a person or a company refinances a debt or if they refinance, they borrow money in order to pay the debt. [V n] A loan was arranged to refinance existing debt... It can be costly… …   English dictionary

  • refinance — UK [ˌriːfaɪˈnæns] / UK [riːˈfaɪnæns] / US [ˌrɪfɪˈnæns] / US [ˌrɪˈfaɪnæns] verb [intransitive/transitive] Word forms refinance : present tense I/you/we/they refinance he/she/it refinances present participle refinancing past tense refinanced past… …   English dictionary

  • refinance — verb Refinance is used with these nouns as the object: ↑debt, ↑mortgage …   Collocations dictionary

  • — Infobox Company company name = company company type = Private company slogan = foundation = 1989 location = Manhattan, NY key people = Nicholas Bratsafolis, Chairman and CEO num employees = 170 industry = Mortgage products =… …   Wikipedia

  • Refinance Wave — A situation where a large amount of mortgage refinancing occurs as a result of a drop in interest rates. The larger the drop in rates, the larger the wave . A refinance wave can be triggered by a drop in short term interest rates, in which case… …   Investment dictionary

  • refinance — Date: 1908 transitive verb to renew or reorganize the financing of intransitive verb to finance something anew …   New Collegiate Dictionary

  • refinance — /ree fi nans , ree fuy nans/, v.t., refinanced, refinancing. 1. to finance again. 2. to satisfy (a debt) by making another loan on new terms: She just refinanced her mortgage. 3. to increase or change the financing of, as by selling stock or… …   Universalium

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