Definition, Meaning & Synonyms

reloan

verb

/riːˈloʊn/

Definition

To loan something again, especially in the context of financial agreements.

Examples

After he paid off his last car loan, the bank offered to reloan him funds for a new vehicle.
She decided to reloan the money to her friend after they paid her back last month.
The company was able to reloan funds to support new projects once they received their latest income.

Meaning

Reloan refers to the act of providing a loan anew or to loan funds to someone again after an initial loan has been repaid or is otherwise available for another loan.