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refinancing - 2 dictionary results

re⋅fi⋅nance

[ree-fi-nans, ree-fahy-nans]
–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.

Origin:
1905–10; re- + finance
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.
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