refinanceˌri fɪˈnæns, riˈfaɪ næns
refinance (v)
- present
- refinances
- past
- refinanced
- past participle
- refinanced
- present participle
- refinancing
refinance (n)
English Definitions:
refinance (verb)
renew the financing of
refinance (Verb)
To renew the terms of a loan.
refinance
Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, common forms of refinancing include primary residence mortgages and car loans. If the replacement of debt occurs under financial distress, refinancing might be referred to as debt restructuring.
Citation
Use the citation below to add this dictionary page to your bibliography:
Style:MLAChicagoAPA
"refinance." Kamus.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.kamus.net/english/refinance>.
Discuss this bahasa indonesia refinance translation with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In