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.
A turbo is a basic air pump that pushes a volume of air into the engine, which increases the power output. This turbo is driven by a turbine in the exhaust system, connected by a direct shaft to an impeller in the intake system.The more exhaust that flows, the more air is pumped into the engine.In most automotive and some other applications, a wastegate is provided which opens as intake system pressure is raised to a preset level by the turbo.he more exhaust that flows, the more air is pumped into the engine. In most automotive and some other applications, a wastegate is provided which opens as intake system pressure is raised to a preset level by the turbo.