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 charger works by increasing the air pressure to the carb, making it breathe better. Most turbos now days on street legal cars run off of exhaust pressure to power the turbine on the turbo charger. On race cars, the turbo charger is powered by a belt and clutch system running off of the engine itself. turbo essentially sucks massive ammounts of air into your engine like a vacuum to accellerate the speed of combustion. The more oxygen, the bigger the bang in the chambers, thus causing a greater thrust from the piston and sending you and your car into the fast lane. Giddyup.