<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RerEUKXhKtat2sOHUL9TTY">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RfuC0yNDKhOWj8FHvjuYyg"/>
  <rdfs:label>Refinancing</rdfs:label>
  <skos:altLabel>Debt Refinancing</skos:altLabel>
  <skos:prefLabel>Loan Restructuring</skos:prefLabel>
  <skos:definition>Refinancing is the process of replacing an existing loan with a new loan, typically with different terms, to reduce interest rates, change the loan duration, or access equity. Borrowers use refinancing to improve their financial situation, often to lower monthly payments or reduce the total interest paid over the loan's life.</skos:definition>
</owl:Class>