refinance
verb
re·fi·nance
ˌrē-fə-ˈnan(t)s 
(ˌ)rē-ˈfī-ˌnan(t)s,
ˌrē-(ˌ)fī-ˈnan(t)s
refinanced; refinancing; refinances
: 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
Daniel KadlecExamples of refinance in a Sentence
Recent Examples on the Web
Many companies refinanced their debt at historically low rates during 2020 and 2021, securing cheaper borrowing costs.
—Michael Khouw, CNBC, 7 Apr. 2025
The coupon seems fair, especially given the Treasury Secretary has $9 trillion in debt to refinance this year.
—Brett Owens, Forbes.com, 3 Apr. 2025
The company continues efforts to improve its balance sheet, including engaging with potential lenders to refinance and restructure debt.
—Quartz Intelligence Newsroom, Quartz, 1 Apr. 2025
This can result in higher interest rates on credit cards and loans, difficulty securing debt consolidation loans and limited options for refinancing.
—Gabriel Rodríguez, Sacbee.com, 28 Mar. 2025
See All Example Sentences for refinance
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Michael Khouw, CNBC, 7 Apr. 2025
The coupon seems fair, especially given the Treasury Secretary has $9 trillion in debt to refinance this year.
—Brett Owens, Forbes.com, 3 Apr. 2025
The company continues efforts to improve its balance sheet, including engaging with potential lenders to refinance and restructure debt.
—Quartz Intelligence Newsroom, Quartz, 1 Apr. 2025
This can result in higher interest rates on credit cards and loans, difficulty securing debt consolidation loans and limited options for refinancing.
—Gabriel Rodríguez, Sacbee.com, 28 Mar. 2025
See All Example Sentences for refinance
Cite this Entry
“Refinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/refinance. Accessed 12 Apr. 2025.
Copy CitationLegal Definition
refinance
1 of 2 transitive verb
re·fi·nance
ˌrē-fə-ˈnans, -ˈfī-ˌnans
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
: 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)
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