Definition of Refinancing:

  1. Acquiring a new (usually larger) loan that retires an older (usually smaller) loan over a longer-term, using the same asset(s) as collateral.

Meaning of Refinancing & Refinancing Definition


What is The Meaning of Refinancing?

  1. Meaning of Refinancing: You can get better interest rates, reduce your monthly payments, or borrow money from your home that was built with a loan. The second loan is obtained to repay the first loan at a higher interest rate.

  2. Definition of Refinancing: The process of repaying existing loans and preparing new loans.

Meanings of Refinancing

  1. Refinance (something), usually with a new loan at a lower interest rate.

Sentences of Refinancing

  1. The company will need to refinance 20 20 billion worth of guarantees and bonds