Definition of refinance verb from the Oxford Advanced Learner's Dictionary

 

refinance

 verb
verb
BrE BrE//ˌriːˈfaɪnæns//
 
; NAmE NAmE//ˌriːˈfaɪnæns//
 
Verb Forms present simple I / you / we / they refinance
BrE BrE//ˌriːˈfaɪnæns//
 
; NAmE NAmE//ˌriːˈfaɪnæns//
 
he / she / it refinances
BrE BrE//ˌriːˈfaɪnænsɪz//
 
; NAmE NAmE//ˌriːˈfaɪnænsɪz//
 
past simple refinanced
BrE BrE//ˌriːˈfaɪnænst//
 
; NAmE NAmE//ˌriːˈfaɪnænst//
 
past participle refinanced
BrE BrE//ˌriːˈfaɪnænst//
 
; NAmE NAmE//ˌriːˈfaɪnænst//
 
-ing form refinancing
BrE BrE//ˌriːˈfaɪnænsɪŋ//
 
; NAmE NAmE//ˌriːˈfaɪnænsɪŋ//
 
 
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[transitive, intransitive] refinance (something) (finance) to borrow money in order to pay a debt
See the Oxford Advanced American Dictionary entry: refinance