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refinance

Syllabification: re·fi·nance
Pronunciation: /rēˈfīˌnans
 
, ˌrēfəˈnans
 
/

Definition of refinance in English:

verb

[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.

Definition of refinance in:

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