refinance

[ ree-fi-nans, ree-fahy-nans ]

/ ˌri fɪˈnæns, riˈfaɪ næns /

to finance again.

to satisfy (a debt) by making another loan on new terms: She just refinanced her mortgage.

to increase or change the financing of, as by selling stock or obtaining additional credit.

Origin of refinance

First recorded in 1905–10; re- + finance

Greenberg says he was approached by a representative of the bank about refinancing an existing loan.

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With refinancing activity booming, the optimistic sales forecasts make more sense.

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But once refinancing starts to slow, banks may face lower margins as they run out of dry powder.

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Refinancing activity is picking up and and now constitutes 83 percent of all mortgage applications.

JPMorgan, Wells Fargo, and Homeowners Profit With Help From the Fed |Matthew Zeitlin |October 12, 2012 |DAILY BEAST

There were also loans totaling $40,000 for refinancing the mortgage on the Hampton's million-dollar home.

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These bonds represent a convenient method of investment for small savers, and also an anti-inflationary method of refinancing.

State of the Union Addresses of Harry S. Truman |Harry S. Truman

refinancing

/ (ˌriːfɪˈnænsɪŋ) /

a method of paying a debt by borrowing additional money thus creating a second debt in order to pay the first