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.

But as a result of the 2019 law, Flagstar warned that “the level of income generated by the property may be insufficient to qualify for refinancing at maturity.”

From The Wall Street Journal

If refinancing for a lower interest rate is an option, it could be an appealing tactic as it does not require the lifestyle compromises that other spending adjustments do.

From MarketWatch

The opportunity for Rocket to drum up business by refinancing Mr. Cooper borrowers is among the reasons Rocket stock is up nearly 80% this year.

From Barron's

The stimulus aims to stabilize the economy and prevent systemic risk, focusing on debt refinancing, selective housing support, and state-owned enterprise capital expenditure.

From Barron's

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