C1
finance vs refinance
The difference
| Word | Meaning | Goes with | Example |
|---|---|---|---|
| financenoun/ˈfaɪ.næns/ | Meaning the management of money, or the money that a person, company or country has | Goes with personal finance | Example Apps that track spending have made personal finance much easier for young people. |
| refinanceverb/ˌriː.fəˈnæns/ | Meaning to replace a loan with a new one, usually to get a lower interest rate | Goes with refinance a mortgage | Example We plan to refinance our mortgage while interest rates are low. |
Which word fits?
1 of 8Pick the word for the gap. Its form may change in the sentence.
The director warned that costs were rising too fast.