Definition

A second lending of something, or a renewal of a loan that has already been given.

Example

After paying off the first loan, she decided to take out a reloan to finance her new car.

Conversation

I just got a notification about my loan terms changing.

Oh really? Are you thinking about a reloan?

Yeah, it might help me with my budget this month.

That sounds like a smart move; make sure to read the fine print!

Synonyms & Antonyms

Root Explanation

Reloan → It is formed from "re-" (meaning again) and "loan" (from Old English "lǣnan", meaning to lend). The word "reloan" means to lend again or to provide a loan once more.

Memory Tip

Think of lending something 'again' ('re-') — that's why reloan means to lend again.

Visually Confused Words