refinance
verb/ˌriːˈfaɪnæns/
Frequency rank: #14,108 most common English word
Meaning
to replace an existing loan with a new one, usually at a better interest rate or terms.
Example sentence
They decided to refinance their home loan to take advantage of lower interest rates.
Synonyms & related words
Practice this word in the quiz
More words in ranks 14,101–14,200
- prodigiousRemarkably great in size, amount, or degree; extraordinary.
- propellanta substance that propels or drives something forward, especially fuel used in rockets or aerosol cans.
- pulleyA wheel with a grooved rim over which a rope or chain passes, used to raise or move heavy loads.
- rechargeablecapable of being charged again after use, especially referring to batteries or devices.
- reclusea person who lives alone and avoids other people.
- reformistA person who advocates for reform rather than radical or revolutionary change.
- refreshera short review or update of previously learned knowledge or skills.
- remodelto change the structure or appearance of something, especially a building or room.
- replaceableAble to be substituted or exchanged for something or someone else.
- rescheduleto arrange for something to happen at a different time than originally planned.