Refinance Definition–verb (used with object), -nanced, -nanc⋅ing. | 2. | to satisfy (a debt) by making another loan on new terms: She just refinanced her mortgage. | | 3. | to increase or change the financing of, as by selling stock or obtaining additional credit. | |
From Dictionary Mortgage Definition–noun | 1. | a conveyance of an interest in property as security for the repayment of money borrowed. | | 2. | the deed by which such a transaction is effected. | | 3. | the rights conferred by it, or the state of the property con
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veyed. | –verb (used with object) | 4. | Law. to convey or place (real property) under a mortgage. | | 5. | to place under advance obligation; pledge: to mortgage one's life to the defense of democracy. | |
From Dictionary Loan Definition–noun | 1. | the act of lending; a grant of the temporary use of something: the loan of a book. | | 2. | something lent or furnished on condition of being returned, esp. a sum of money lent at interest: a $1000 loan at 10 percent interest. | –verb (used with object) | 4. | to make a loan of; lend: Will you loan me your umbrella? | | 5. | to lend (money) at interest. | –verb (used without object) | 6. | to make a loan or loans; lend. | —Idiom | 7. | on loan, | a. | borrowed for temporary use: How many books can I have on loan from the library at one time? | | b. | temporarily provided or released by one's regular employer, superior, or owner for use by another: Our best actor is on loan to another movie studio for two films. | | |
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