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.
Just one day after the hearing the city issued nearly $700 million in bonds for capital projects and to refinance previous debt. The Editorial Board, Chicago Tribune, 6 June 2025 Applications to refinance a home loan, which are most sensitive to weekly rate moves, still declined 4% for the week but were 42% higher than the same week one year ago. Diana Olick, CNBC, 4 June 2025 These updates include lower limits on small loans, tighter conditions on sellers staying involved after a sale, and new restrictions against refinancing certain high-interest loans like merchant cash advances. Brandon Kochkodin, Forbes.com, 3 June 2025 Inter Milan has stabilized their finances since the ownership tenure of Chinese retail giant Suning, with a transfer to investment firm Oaktree Capital in 2024 when Suning did not repay or refinance its loan from Oaktree—the club was put up for collateral. Kurt Badenhausen, Sportico.com, 31 May 2025 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

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Cite this Entry

“Refinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/refinance. Accessed 10 Jun. 2025.

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)

More from Merriam-Webster on refinance

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