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Definitions from the Web

Refinanced

Part of Speech: Verb

Sense 1:

Description: Refinanced is the past tense and past participle form of the verb "refinance". It refers to the act of obtaining a new loan to pay off an existing loan, typically with better terms or interest rates.

Example sentence 1: John successfully refinanced his mortgage to take advantage of the lower interest rates.

Example sentence 2: The couple decided to refinance their auto loan to reduce their monthly payments.

Sense 2:

Description: Refinanced is also the past tense and past participle form of the verb "refinance" when used in the context of making changes or adjustments to a previously refinanced loan or mortgage.

Example sentence 1: After refinancing the first time, Susan decided to refinance her mortgage again to include home renovations in the loan.

Example sentence 2: They refinanced their business loan for a second time to extend the repayment term.