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refinance

[ree-fi-nans, ree-fahy-nans] /ˌri fɪˈnæns, riˈfaɪ næns/
verb (used with object), refinanced, refinancing.
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.
Origin
1905-1910
1905-10; re- + finance
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for refinance
  • If you carry any debt, now is a superb time to refinance.
  • Or maybe they don't take out the loans, but their parents refinance their house or take on debt in other ways.
  • We are even planning to refinance the house and take the equity to install solar panels on the roof.
  • Dropping interest rates have led to a surge in homeowners wanting to refinance.
  • It is unable to refinance loans because the new capital controls mean all credit to the country has dried up.
  • They may struggle to refinance their debts as they fall due.
  • Now the introductory rates on these loans are resetting, and the deflating housing bubble is making it difficult to refinance.
  • The private sector must be willing to absorb the new supply and refinance the existing stock.
  • The new laws made it easier for households to refinance their mortgages and borrow against the value of their homes.
  • It is not merely the burden of debt relative to income but the ability to refinance debt or obtain new debt.
Word Origin and History for refinance
v.

1901, from re- "again" + finance (v.). Related: Refinanced; refinancing.

Online Etymology Dictionary, © 2010 Douglas Harper
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14
17
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