Refinance: meaning, definitions and examples
๐ธ
refinance
[ หriหหfaษชnรฆns ]
financial
To replace an existing loan with a new loan that has better terms, such as a lower interest rate or longer repayment period.
Synonyms
renew, restructure, revise, rework
Examples of usage
- Many homeowners choose to refinance their mortgages when interest rates drop.
- You may be able to save money by refinancing your student loans at a lower interest rate.
Translations
Translations of the word "refinance" in other languages:
๐ต๐น refinanciar
๐ฎ๐ณ เคชเฅเคจเคฐเฅเคตเคฟเคคเฅเคค
๐ฉ๐ช refinanzieren
๐ฎ๐ฉ refinans
๐บ๐ฆ ัะตััะฝะฐะฝััะฒะฐัะธ
๐ต๐ฑ refinansowaฤ
๐ฏ๐ต ๅใๆใ
๐ซ๐ท refinancer
๐ช๐ธ refinanciar
๐น๐ท yeniden finanse etmek
๐ฐ๐ท ์ฌ์ต์ํ๋ค
๐ธ๐ฆ ุฅุนุงุฏุฉ ุชู ููู
๐จ๐ฟ refinancovat
๐ธ๐ฐ refinancovaลฅ
๐จ๐ณ ๅ่่ต
๐ธ๐ฎ reprogramirati
๐ฎ๐ธ endurfjรกrmagna
๐ฐ๐ฟ าะฐะนัะฐ าะฐัะถัะปะฐะฝะดััั
๐ฌ๐ช แแแแแคแแแแแกแแแ
๐ฆ๐ฟ refinanslaลdฤฑrmaq
๐ฒ๐ฝ refinanciar
Word origin
The term 'refinance' originated in the financial sector and gained popularity in the early 20th century. As the concept of managing debt and loans evolved, the practice of refinancing became a common strategy for individuals and businesses to improve their financial situations. Today, refinancing plays a significant role in the economy, allowing individuals to take advantage of better terms and conditions to reduce their financial burden.
See also: financial, financially, financier, financing, underfinance, underfinancing, unfinanced.