refinance

A verb used to indicate the act of replacing an existing loan or debt with a new one, typically with better terms or a lower interest rate.

• 🇷🇺Глагол, используемый для обозначения действия по замене существующего кредита или долга на новый, обычно с более выгодными условиями или более низкой процентной ставкой.

1. Renew financing B2 formal business

   To replace an existing loan or debt with a new one, typically with better terms or a lower interest rate.

   • They decided to refinance their mortgage to get a lower monthly payment.
   • The company refinanced its debt to improve cash flow.
   • Many homeowners refinance when interest rates drop.

   🇷🇺Рефинансировать

• refinanced past participle
• refinanced past simple
• refinancing present participle
• refinances third person singular