conversion; refunding; renewal
Primarily used in finance for replacing an existing loan or bond with a new one, often to get better terms. Also used more broadly for switching to a different contract or plan.
I'm considering refinancing my mortgage.
The monthly repayment amount decreased due to the refinancing.
refinance; convert a loan
Standard kanji spelling; the okurigana makes the reading clear.
Abbreviated kanji form, common in financial contexts and headlines.
Compound of 借り (kari, 'borrowing') + 換え (kae, 'exchange'). The kanji 借 means 'borrow' and 換 means 'exchange' or 'convert'.