Refinancing
Encyclopedia of Small Business (2009)
Section: J-Z
Pages: 942-943
Copyright (2007) Gale. All rights reserved.
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Refinancing
Refinancing is the refunding or restructuring of debt with new debt, equity, or a combination of these. Businesses refinance their debts when interest rates drop. Since this tends to happen in times when money is readily available from banks or other sources of lending, the business can lower its overall costs of financing by reworking its loan portfolio. Somet...Try vLex for FREE for 3 days
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