refinancing

/ ˌriːfɪˈnænsɪŋ /

noun

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

Example Sentences

His explanation for this time frame is that it approximates the debt refinancing cycle because the weighted average maturity of that debt is just over five years.

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The speed at which mortgages prepay, including through refinancing, is important to investors in mortgage loans and the bonds that pool them.

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“The transaction would avoid significant refinancing costs while meaningfully reducing leverage through the realization of synergies and lowering future refinancing risk.”

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Since mortgage rates have not dropped significantly over the last few years, these homeowners can’t lower their monthly payments by refinancing or modifying their loans, she added.

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The refinancing failed when some lenders wanted more detailed information on the company’s financial situation.

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