What is 'Refinance'. A refinance occurs when a business or person revises a payment schedule for repaying debt. Mechanically, the old loan is paid off and replaced with a new loan offering different terms. When a company refinances, it typically extends the maturity date.
The turbocharger on a car applies a very similar principle to a piston engine. It uses the exhaust gas to drive a turbine. This spins an air compressor that pushes extra air (and oxygen) into the cylinders, allowing them to burn more fuel each second.ow a turbocharger works. The basic idea is that the exhaust drives the turbine (the red fan), which is directly connected to (and powers) the compressor (the blue fan), which rams air into the engine.
The only true turbo failure is metal fatigue which is caused by the metal in the turbo becoming fragile due to heat cycling thousands of times. The unfortunate fact is that a turbocharger has an average life span of about 80 â 120K miles.ailures can occur for a number of reasons from metal fatigue to overheating and physical damages caused by external debris. The exhaust housing or rear section of a turbocharger (pictured above) houses many parts of the turbo that control the boost levels.