[ ree-fi-nans, ree-fahy-nans ]

verb (used with object),re·fi·nanced, re·fi·nanc·ing.
  1. to finance again.

  2. to satisfy (a debt) by taking out another loan typically on more favorable terms, as a lower interest rate and reduced monthly payments, or a longer period of time to repay:She was able to refinance her mortgage to a much lower 30-year fixed interest rate.

  1. to increase or change the financing of, as by selling stock or obtaining additional credit: The university issued bonds to refinance the recent construction of a library and dormitory.

verb (used without object)re·fi·nanced, re·fi·nanc·ing.
  1. to arrange new financing for something.

Origin of refinance

First recorded in 1895–1900; re- + finance
  • Also Informal, refi .

Words Nearby refinance Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use refinance in a sentence