refinance - definition and synonyms

verb [intransitive/transitive] business 

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/ˌriːfaɪˈnæns/

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/riːˈfaɪnæns/
present tense
I/you/we/theyrefinance
he/she/itrefinances
present participlerefinancing
past tenserefinanced
past participlerefinanced
  1. to replace one loan with another one on which you pay less interest