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2. A loan that a borrower may renew upon maturity. This may happen when the borrower has only been making interest payments over the life of the loan. See also: Refinancing.
If you move your assets from one investment to another, it's called a rollover.
For example, if you move money from one IRA to another IRA, that transaction is a rollover. In the same vein, if you move money from a qualified retirement plan, such as a 401(k), into an IRA, you create a rollover IRA.
Similarly, when a bond or certificate of deposit (CD) matures, you can roll over the assets into another bond or time deposit.