refinance
verb
re·fi·nance
ˌrē-fə-ˈnan(t)s 
(ˌ)rē-ˈfī-ˌnan(t)s,
ˌrē-(ˌ)fī-ˈnan(t)s
refinanced; refinancing; refinances
: to renew or reorganize the financing of something : to provide for (an outstanding indebtedness) by making or obtaining another loan or a larger loan on fresh terms
refinance a mortgage
With rates tumbling, pay a little more now and retain the flexibility to refinance again next year.—
Daniel Kadlec
Daniel KadlecExamples of refinance in a Sentence
Recent Examples on the Web
Sky Quarry continues to focus on increasing production capacity at the Foreland refinery and exploring opportunities to refinance existing obligations.
—Quartz Bot, Quartz, 14 Nov. 2024
The big picture: Many outright homeowners are Baby Boomers who refinanced when mortgage rates were lower.
—Sami Sparber, Axios, 5 Nov. 2024
Among the limited direct support provided for households are new regulations that permit borrowers to refinance their mortgages, enabling them to take advantage of a recent half-percent reduction in the benchmark mortgage lending rate.
—Zongyuan Zoe Liu, Foreign Affairs, 31 Oct. 2024
Rather than pay down the debt with cash, the Trump Organization opted to refinance.
—Dan Alexander, Forbes, 30 Oct. 2024
See all Example Sentences for refinance 
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Quartz Bot, Quartz, 14 Nov. 2024
The big picture: Many outright homeowners are Baby Boomers who refinanced when mortgage rates were lower.
—Sami Sparber, Axios, 5 Nov. 2024
Among the limited direct support provided for households are new regulations that permit borrowers to refinance their mortgages, enabling them to take advantage of a recent half-percent reduction in the benchmark mortgage lending rate.
—Zongyuan Zoe Liu, Foreign Affairs, 31 Oct. 2024
Rather than pay down the debt with cash, the Trump Organization opted to refinance.
—Dan Alexander, Forbes, 30 Oct. 2024
See all Example Sentences for refinance
Dictionary Entries Near refinance
Cite this Entry
“Refinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/refinance. Accessed 28 Nov. 2024.
Copy CitationLegal Definition
refinance
1 of 2 transitive verb
re·fi·nance
ˌrē-fə-ˈnans, -ˈfī-ˌnans
1
: to renew or reorganize the financing of
2
: to revise the terms of (a debt obligation) especially in regard to interest rate or payment schedule
refinance a mortgage
: to finance something anew
refinance
2 of 2 noun
: a financing of something anew
especially
: a revision of the terms of a debt obligation (as a mortgage)
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