refinance
verb/ˌriːˈfaɪnæns/
Frequency rank: #14,108 of 20,003 in the WORDED list (wordfreq data)
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
More words in ranks 14,101–14,200
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