refinance

verb

re·​fi·​nance ˌrē-fə-ˈnan(t)s How to pronounce refinance (audio)
(ˌ)rē-ˈfī-ˌnan(t)s,
ˌrē-(ˌ)fī-ˈnan(t)s
refinanced; refinancing; refinances

transitive + intransitive

: to renew or reorganize the financing of something : to provide for (an outstanding indebtedness) by making or obtaining another loan or a larger loan on fresh terms
refinance a mortgage
With rates tumbling, pay a little more now and retain the flexibility to refinance again next year.Daniel Kadlec

Examples of refinance in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Beijing has pledged to help by offering debt swaps to refinance the high-cost, short-term debt burdening many local administrations. Zongyuan Zoe Liu, Foreign Affairs, 31 Oct. 2024 Lower interest rates on credit cards or loans can also assist individuals in starting new personal initiatives, improving their financial situation or refinancing debt on a personal level. Antoine Sallis, Forbes, 28 Oct. 2024 This refinancing — which will include general obligation and Sales Tax Securitization Corporation bonds — has been planned since last year, when Jaworski’s team counted on $70 million in refinancing savings to balance the 2024 budget. A.d. Quig, Chicago Tribune, 2 Oct. 2024 Last week the airline again delayed a deadline to refinance more than $1 billion in debt until late December, giving it breathing room with its credit card processor. Leslie Josephs, CNBC, 25 Oct. 2024 See all Example Sentences for refinance 

Word History

First Known Use

1995, in the meaning defined above

Time Traveler
The first known use of refinance was in 1995

Dictionary Entries Near refinance

Cite this Entry

“Refinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/refinance. Accessed 22 Nov. 2024.

Legal Definition

refinance

1 of 2 transitive verb
re·​fi·​nance ˌrē-fə-ˈnans, -ˈfī-ˌnans How to pronounce refinance (audio)
1
: to renew or reorganize the financing of
2
: to revise the terms of (a debt obligation) especially in regard to interest rate or payment schedule
refinance a mortgage

intransitive verb

: to finance something anew

refinance

2 of 2 noun
: a financing of something anew
especially : a revision of the terms of a debt obligation (as a mortgage)
Last Updated: - Updated example sentences
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