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.
Cut-away view of an air foil bearing-supported turbocharger. A turbocharger, or colloquially turbo, is a turbine-driven forced induction device that increases an internal combustion engine's efficiency and power output by forcing extra air into the combustion chamber. This improvement over a naturally aspirated engine's power output is due to the fact that the compressor can force more airâand proportionately more fuelâinto the combustion chamber than atmospheric pressure alone. Turbochargers were originally known as turbosuperchargers when all ...