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.
The transaction includes refinancing efforts on the Formula 1 debt facilities. Stephan Pechdimaldji, Newsweek, 14 Dec. 2024 The program helps small businesses finance major expenses with lower down payments and longer repayment terms than traditional loans, and the SBA recently streamlined the process and expanded the types of loans eligible for refinancing. Danielle Chemtob, Forbes, 11 Dec. 2024 Applications to refinance a home loan surged 27% week to week and were 42% higher than the same week one year ago. Diana Olick, CNBC, 11 Dec. 2024 The settlement also contemplates the defendants refinancing a loan to free up capital and guaranteeing the Mayfields could access transaction books and other financial records. Michael McCann, Sportico.com, 26 Nov. 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 23 Dec. 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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