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v. re·fi·nanced, re·fi·nanc·ing, re·fi·nanc·es
To renegotiate or replace the financing of (a debt or asset), usually to obtain a lower interest rate.
To finance a debt or asset under new terms.
(Banking & Finance) to pay (a debt) by borrowing additional money, thus creating a second debt in order to pay the first
re•fi•nance(ˌri fɪˈnæns, riˈfaɪ næns)
v. -nanced, -nanc•ing. v.t.
1. to finance again.
2. to satisfy (a debt) by making another loan on new terms.v.i.
3. to arrange new financing for something.