refinance
|re/fi/nance|
B2
/ˌriːˈfaɪnæns/
revise loan terms
Etymology
Etymology Information
'refinance' originates from the prefix 're-' meaning 'again' and the word 'finance' from Old French 'financer', which meant 'to pay a ransom'.
Historical Evolution
'refinance' changed from the Old French word 'financer' and eventually became the modern English word 'refinance'.
Meaning Changes
Initially, it meant 'to pay again', but over time it evolved into its current meaning of 'to revise loan terms'.
Meanings by Part of Speech
Verb 1
to revise the terms of a loan agreement, typically to reduce interest rates or extend the repayment period.
They decided to refinance their mortgage to take advantage of lower interest rates.
Synonyms
Antonyms
Idioms
Last updated: 2025/01/11 11:35