CEFR B2

refinance

verb

Meaning

To pay off an old debt by taking out a new loan, usually with better terms.

Examples

The company plans to refinance its corporate bonds to reduce borrowing costs.
Many people refinance their student loans to consolidate payments and lower interest.

Synonyms: repay, restructure, consolidate, re-lend

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refinance (B2)

verb

Pronunciation: /ˌriːˈfaɪnæns/

Definition

To pay off an old debt by taking out a new loan, usually with better terms.

Examples

The company plans to refinance its corporate bonds to reduce borrowing costs.
Many people refinance their student loans to consolidate payments and lower interest.

How to Use refinance

refinance a loan (collocation): To replace an existing loan with a new one, typically with different terms. — "She managed to refinance her car loan and save money each month."
refinance a mortgage (collocation): To replace an existing mortgage with a new one, usually to get a lower interest rate or different repayment period. — "Many homeowners chose to refinance their mortgages during the period of falling interest rates."
refinance debt (collocation): To pay off existing debt by taking out a new loan. — "The company is seeking to refinance its debt to lower its overall interest payments."

Synonyms of refinance

Words with a similar meaning to refinance:

Antonyms of refinance

Words with the opposite meaning to refinance:

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