REFINANCE Definition

Bookmark and Share

REFINANCE is to to renew or reorganize the financing of an asset, e.g. obtaining a new mortgage loan on a property already owned. Often to replace existing loans on the property.

Learn new Accounting Terms

NET MARGIN see NET PROFIT MARGIN (NPM After Tax).

STALE CHECK is a check that is six months or older than the date affixed to the check by the maker. If a customer's check is presented more than six months after the date appearing on the check, the paying bank has the option of paying or dishonoring the check because the check is deemed "stale".

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.