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refinance - 6 dictionary results
Bank of America Refinance
Take Advantage Of Low Refi Rates For Home Loans Up To $3 Million.
www.bankofamerica.com
Take Advantage Of Low Refi Rates For Home Loans Up To $3 Million.
www.bankofamerica.com
re⋅fi⋅nance
[ree-fi-nans, ree-fahy-nans] 
fɪˈnæns
–verb (used with object), -nanced, -nanc⋅ing.
| 1. | to finance again. |
| 2. | to satisfy (a debt) by making another loan on new terms: She just refinanced her mortgage. |
| 3. | to increase or change the financing of, as by selling stock or obtaining additional credit. |
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To refinance
| re·fin·ance (rē'fə-nāns', rē-fī'nāns') intr. & tr.v. re·fi·nanced, re·fi·nanc·ing, re·fi·nanc·es To provide new financing or new financing for, as by discharging a mortgage with the proceeds from a new mortgage obtained at a lower interest rate. re·fi'nance' n., re'fi·nan'cer, re'fin·an·cier' (-fĭn-ən-sîr', -fə-nān'-) n. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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refinance
1908, from re- "again" + finance (v.).
Online Etymology Dictionary, © 2001 Douglas Harper
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Refinance
1. When a business or person revises their payment schedule for repaying debt.
2. Replacing an older loan with a new loan offering better terms.
Investopedia Commentary
When a business refinances they typically extend the maturity date. When individuals change their monthly payments, or modify the rate of interest on their loan, it usually involves a penalty fee.
See also: Bullet Repayment, Loan, Mortgage, Refunding
Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2003. Published by Houghton Mifflin.
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Main Entry: re·fi·nance
Pronunciation: "rE-f&-'nans, -'fI-"nans
Function: transitive verb
1 : to renew or reorganize the financing of
2 : to revise the terms of (a debt obligation) esp. in regard to interest rate or payment schedule <refinance a mortgage> intransitive verb : to finance something anew
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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