Refinancing
From ACT Wiki
1.
Replacement financing for a continuing business operation, when the current financing reaches the end of its term.
Refinancing and event-driven loan volumes
- "Looking more closely at the decline in European loan volumes in 2016, the most significant fall was in refinancing activity, as opposed to event-driven financing."
- The Treasurer magazine, March 2017 p36 - Ian Baggott, head of loan markets, Lloyds Bank.
2.
Replacement financing for a mortgage borrower, especially a residential mortgage, for continuing ownership of the same residence or other asset.
Sometimes known as 'refi'.
