Refinance vs Prefinance - What's the difference?
refinance | prefinance |
To finance in advance.
*{{quote-news, year=2009, date=August 8, author=Joe Nocera, title=It’s Time to Stay the Courier, work=New York Times
, passage=It is expected to operate as a business, turning a profit and so on, and yet it is still subject to Congressional oversight and all sorts of legal constraints, like that ridiculous health benefit prefinancing for future employees, which was part of a big 2006 postal reorganization bill. }}
As verbs the difference between refinance and prefinance
is that refinance is (finance) to renew the terms of a loan while prefinance is to finance in advance.prefinance
English
Verb
(prefinanc)citation