Refinancing



verb (used with object), refinanced, refinancing.
1.
to finance again.
2.
to satisfy (a debt) by making another loan on new terms:
She just refinanced her mortgage.
3.
to increase or change the financing of, as by selling stock or obtaining additional credit.
noun
1.
a method of paying a debt by borrowing additional money thus creating a second debt in order to pay the first

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