Refinanc
/ˌriː.faɪˈnæns/
Definitions
- (v.) To revise the terms of an existing loan agreement, typically to reduce interest rates or adjust repayment schedules.
The company decided to refinanc its mortgage to secure a lower interest rate.
Forms
- refinances
- refinanced
- refinancing
Related terms
See also
Commentary
Often used in financial and real estate contexts; precision in drafting involves specifying which terms are being changed.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.