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English
refinance
ˌriːˈfaɪ.næns
Meaning: to replace a loan with a new one, typically at a lower interest rate
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Verb inflections
| Form | Inflected form |
|---|---|
| Base | refinance |
| 3rd person singular present | refinances |
| Present participle | refinancing |
| Past | refinanced |
| Will future | will refinance |
| Going-to future | going to refinance |
| Imperative negative | don't refinance / do not refinance |
Example
We decided to refinance our mortgage to take advantage of the lower interest rates.
Usage Notes
Commonly used in real estate and personal finance when homeowners seek better terms for their existing home loans.
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