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refinance

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verb re·fi·nance \ˌrē-fə-ˈnan(t)s, (ˌ)rē-ˈfī-ˌ, ˌrē-(ˌ)fī-ˈ\

Simple Definition of refinance

  • : to get a new loan to pay (an older debt) : to finance (something) again

Source: Merriam-Webster's Learner's Dictionary

Full Definition of refinance

  1. transitive verb
  2. :  to renew or reorganize the financing of

  3. intransitive verb
  4. :  to finance something anew

1908

First Known Use of refinance

1908


Law Dictionary

1

refinance

play
transitive verb re·fi·nance \ˌrē-fə-ˈnans, -ˈfī-ˌnans\

Legal Definition of refinance

  1. 1 :  to renew or reorganize the financing of

  2. 2 :  to revise the terms of (a debt obligation) especially in regard to interest rate or payment schedule <refinance a mortgage>

  3. intransitive verb
  4. :  to finance something anew




2

refinance

noun re·fi·nance

Legal Definition of refinance

  1. :  a financing of something anew; especially :  a revision of the terms of a debt obligation (as a mortgage)




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