<p><strong>Verb</strong></p><ul><li><p>(used with object)</p><ul><li>To finance again.</li><li>To satisfy (a debt) by taking out another loan typically on more favorable terms, as a lower interest rate and reduced monthly payments, or a longer period of time to repay: She was able to refinance her mortgage to a much lower 30-year fixed interest rate.</li><li>To increase or change the financing of, as by selling stock or obtaining additional credit: The university issued bonds to refinance the recent construction of a library and dormitory.</li></ul></li><li><p>(used without object)</p><ul><li>To arrange new financing for something.</li></ul></li></ul>