👉 In the context of financial management, "recanceling" refers to a process where an existing loan or credit card balance is transferred to another account. This action is usually done when a borrower wishes to change their payment plan or make other changes related to their debt. The term is often used in conjunction with the phrase "renewal," but it's important to note that while "recanceling" can refer to a specific process, it doesn't necessarily mean that a loan has been renewed
