Money · RATIOXA GLOSSARY
Refinancing
Replacement of existing finance with new terms, rate or structure.
Simple definition
Replacement of existing finance with new terms, rate or structure.
Why it matters
This term changes how inputs, cash flows or results should be interpreted. RATIOXA keeps it explicit so two options are compared on the same basis.
Worked example
A lower payment can come from a longer term rather than a true saving.