Definition of refinance in English:

refinance

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

verb

[with object]
  • Finance (something) again, typically with a new loan at a lower rate of interest.
    More 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.

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Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little