Refinance

What Does Refinance Mean?
1. When a business or person revises a payment schedule for repaying debt.

2. Replacing an older loan with a new loan offering better terms.

Investopedia explains Refinance
When a business refinances, it typically extends the maturity date. When individuals change their monthly payments or modify the rate of interest on their loans, it usually involves a penalty fee.

Related Terms

Bullet Repayment
Cash-Out Refinance
Debt Consolidation
Rate And Term Refinance
Refinance Wave
Refinancing Risk
Refunding
Second Lien Debt
Short Refinance
Waterfall Payment
More Related Terms

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When would a corporation want to refinance its debt?

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