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The new lender pays off an existing loan in full and replaces it with a new loan on different terms -- a longer or shorter term, a higher or lower interest rate.
Longer or shorter term?
Similar(58)
Whether their needs are long term or short term, many employees value flexibility in the workplace over anything else.
One that AI cannot hope to solve in any near or short term framework — if ever.
Q33: Have modifications of your supply chains been different in the long or short term?
Alliance denotes that the union is not ad hoc or short term; it is a relatively long term commitment.
Situational or Short Term Strategic Placement: the offender has weak motives (intensity) and might not have acted upon it before.
In those days, Lowell House women were not interested in long term or short term romantic relationships.
Savings can include long-term goals, like retirement, or short term goals, like a vacation.
All of which help to make your stay -- in a hotel, hospital or short term let -- easy.
Minor, less relevant or short term effects or very rare events, however, may have been missed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com