refinance

verb

re·​fi·​nance ˌrē-fə-ˈnan(t)s How to pronounce refinance (audio)
(ˌ)rē-ˈfī-ˌnan(t)s,
ˌrē-(ˌ)fī-ˈnan(t)s
refinanced; refinancing; refinances

transitive + intransitive

: 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

Examples of refinance in a Sentence

Recent Examples on the Web Image In Rhode Island, Francis J. Spinella, an affordable housing consultant who has been involved in the field for more than 30 years, is now trying to refinance Wickford Village in North Kingstown, a 129-unit Section 8 development, in order to do capital improvements. David W. Chen, New York Times, 7 June 2024 For the first few months of this year, hundreds of zombies refinanced their loans as lenders opened their wallets in anticipation that the Federal Reserve would start cutting in March. Rachel Ventresca, Fortune, 7 June 2024 The venture promised big returns from acquiring film rights and selling them to Netflix and other platforms in Latin America, but Whitmore lost all of his money, forcing him to refinance his home to pay off the debt. Laurence Darmiento, Los Angeles Times, 28 May 2024 Unable to refinance its enormous debt, Greece was bailed out by the European Commission, the European Central Bank, and the IMF. Stathis N. Kalyvas, Foreign Affairs, 3 May 2016 See all Example Sentences for refinance 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'refinance.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1995, in the meaning defined above

Time Traveler
The first known use of refinance was in 1995

Dictionary Entries Near refinance

Cite this Entry

“Refinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/refinance. Accessed 22 Jun. 2024.

Legal Definition

refinance

1 of 2 transitive verb
re·​fi·​nance ˌrē-fə-ˈnans, -ˈfī-ˌnans How to pronounce refinance (audio)
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

intransitive verb

: 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)
Last Updated: - Updated example sentences
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