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refinancing

British

/ ˌriːfɪˈnænsɪŋ /

noun

a method of paying a debt by borrowing additional money thus creating a second debt in order to pay the first

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The central bank announced an sharp hike in interest rates on Thursday, boosting the key re-financing rate to 19.5 percent from 14 percent, to stave off the collapse of the hryvnia currency.

From Reuters • Feb. 5, 2015

Such re-financing has dropped to under 6% and looks like it is in freefall on the charts.

From Forbes • Oct. 6, 2014

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023