refinancing
noun[UorS]
uk/ˌriːˈfaɪnænsɪŋ/usFINANCE
theactionofreplacingaloanwith a new one:
debt/mortgage refinancingLowinterestratesgave ahugeboosttomortgagerefinancing andconsumerborrowing.
a refinancing plan/deal/agreementThe company's 750,000shareinvestorswill have toapprovethe refinancingplan.