refinancing

CEFRB2

/rˌifəˈnænsɪŋ/

noun · verb

Türkçe translations

Translating…

In plain English

  1. 01

    noun

    Replacing an old loan with a new one, often on different terms.

  2. 02

    noun

    Extra detail

    One or more loans or other borrowings that repay and replace previous financings.

Examples

  • A smart refinancing plan can save you a lot of money in the long run.

  • The family is considering the refinancing of their home loan.

At a glance

Sits at B2 on the CEFR scale

Senses
3
Parts of speech
2

Deep Dive

verb

Extra meaning

  1. present participle and gerund of refinance

More examples

In context

  • The family is considering refinancing their mortgage at a lower rate.

Quick test

Two questions on this entry. Nothing is scored.

Question 1 · Quick check

The homeowner saved money each month by getting a blank of their mortgage at a lower rate.

Practise this properly in the app, where the word comes back before you forget it.

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