refinancingnoun [ U or S ]
uk/ˌriːˈfaɪnænsɪŋ/usFINANCE the action of replacing a loan with a new one:
debt/mortgage refinancing Low interest rates gave a huge boost to mortgage refinancing and consumer borrowing.
a refinancing plan/deal/agreement The company's 750,000 share investors will have to approve the refinancing plan.