Usually means: Refinancing a loan for better terms.
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We found 10 dictionaries that define the word refi:

General (4 matching dictionaries)
  1. refi: Oxford Learner's Dictionaries
  2. refi: Wiktionary
  3. refi: Dictionary.com
  4. refi: Stammtisch Beau Fleuve Acronyms

Business (3 matching dictionaries)
  1. refi: Merriam-Webster Legal Dictionary
  2. BuzzWhack (No longer online)
  3. refi: Financial dictionary

Miscellaneous (2 matching dictionaries)
  1. Refi: Acronym Finder
  2. AbbreviationZ (No longer online)

Slang (1 matching dictionary)
  1. refi: Urban Dictionary

Definitions from Wiktionary (Refi)

noun:  (finance) Abbreviation of refinancing. [(finance) One or more loans or other borrowings that repay and replace previous financings.]

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