refinancing definition

refinancing

Acquiring a new (usually larger) loan that retires an older (usually smaller) loan over a longer-term, using the same asset(s) as collateral.

refinancing is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

refinancing appears in the definitions of the following terms: prepayment risk, inflation accounting, wraparound mortgage, churning and combination loan-to-value (CLTV)

refinancing appears in these other terms: debt refinancing, refinancing risk

This content can be found on the following page:

http://www.businessdictionary.com/definition/refinancing.html