refinance

[ree-fi-nans, ree-fahy-nans]
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:
1905–10; re- + finance

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World English Dictionary
refinancing (ˌriːfɪˈnænsɪŋ)
 
n
a method of paying a debt by borrowing additional money thus creating a second debt in order to pay the first

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

refinance
1908, from re- "again" + finance (v.).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences for refinancing
It is also known as minimum bid rate and serves as a bidding floor for refinancing loans.
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