refinance C1 Topic:Personal Finance US /ˌɹifəˈnæns/ See IPA manual Meanings 1 verb to replace an existing loan with new borrowing, usually to obtain different repayment terms Rather than settle the debt, they chose to refinance the mortgage by replacing it with a new loan on different terms. Etymology Formed from re-, meaning again, and finance. Topics Personal Finance External links Google Images Cambridge Dictionary Wiktionary # refinance **Type:** Word **Level:** C1 **Part of speech:** verb **IPA (US):** /ˌɹifəˈnæns/ ## Meanings 1. to replace an existing loan with new borrowing, usually to obtain different repayment terms ## Examples - Rather than settle the debt, they chose to refinance the mortgage by replacing it with a new loan on different terms. ## Etymology Formed from re-, meaning again, and finance. ## Topics - Personal Finance markdown