Definitions of "refinance"
  1. The act of revising or renewing the financial structure of a loan or credit
  2. Updating the conditions of an existing debt, especially concerning the interest rate or payment schedule
  3. Obtaining new financing for an existing loan or purchase
  4. The process of obtaining new financing for a previously financed object
How to use "refinance" in a sentence
  1. The homeowners decided to refinance their mortgage to take advantage of the lower interest rates.
  2. With the rise in tuition, many students had to refinance their student loans.
  3. The company had to refinance its corporate debt due to financial constraints.

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