Legal Dictionary
Main Entry:
re·fi·nancePronunciation:
"rE-f&-'nans, -'fI-"nansFunction:
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