Definition of refinance
transitive verb
: to renew or reorganize the financing of
intransitive verb
: to finance something anew
People Are Reading
Recent Examples of refinance from the Web
-
Fannie and Freddie also view cash-out refinances as riskier now and have imposed higher fees to guarantee them.
-
The group is able to keep rents low over a long period of time by refinancing the projects and then reapplying for new tax credits after the previous onesexpire, Holmes said.
-
This has helped save an average of about 36.5 basis points across the debt tranches on CLOs refinanced in 2017 and approximately 31.5 basis points for CLO resets, according to data compiled by Bloomberg.
-
A plan backed by state treasurer John Chiang to help Californians refinance their private student loan debt was held back. --
-
The Yankees had received approval by the city to refinance last September, but shelved the plans when interest rates climbed.
-
Moody says that while The Times’ performance was within the lower range of where Moody’s had expected, the company’s refinancing risk prompted Moody’s to review the company’s ratings.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'refinance'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
1995
First Known Use of refinance
1995
REFINANCE Defined for English Language Learners
refinance
playDefinition of refinance for English Language Learners
-
: to get a new loan to pay (an older debt) : to finance (something) again
Law Dictionary
Legal Definition of refinance
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
Legal Definition of refinance
: a financing of something anew; especially : a revision of the terms of a debt obligation (as a mortgage)
Learn More about refinance
-
See words that rhyme with refinance Spanish Central: Translation of refinance Nglish: Translation of refinance for Spanish speakers Britannica English: Translation of refinance for Arabic speakers
Seen and Heard
What made you want to look up refinance? Please tell us where you read or heard it (including the quote, if possible).
Writing? Check your grammar now!