Definition of refinance in English:

Share this entry


Pronunciation: /rēˈfīˌnans/
Pronunciation: /ˌrēfəˈnans/


[with object]
Finance (something) again, typically with a new loan at a lower rate of interest.
Example sentences
  • Governments have saved billions by refinancing the national debt at lower interest rates.
  • If you have a home loan, refinance your mortgage to lower your payments.
  • Griffin is quick to point out that he paid off his $2,000 credit card debt and refinanced his mortgage a second time, saving about $60 a month in payments.

For editors and proofreaders

Syllabification: re·fi·nance

Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.