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Education Observer
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Indian Banking and Finance
What is Refinancing?
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What is Refinancing?
neetubm
Golden Member
Posts: 122
Threads: 108
Joined: Dec 2009
#1
12-29-2009, 10:59 PM
The issue of new debt to replace old. A borrower pays off one loan with the proceeds from another provided by other lenders. If the lenders are the same as before then it could technically be called a rescheduling.
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