Meaning of refinance

re•fi•nance

Pronunciation: (rē"fi-nans', rē-fī'nans), [key]
— -nanced, -nanc•ing.
  1. to finance again.
  2. to satisfy (a debt) by making another loan on new terms: She just refinanced her mortgage.
  3. to increase or change the financing of, as by selling stock or obtaining additional credit.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also: